Forex: USD/CHF sinks to 0.9111/12
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USD/CHF
FXstreet.com (Barcelona) - The shorter-term recovery movement being staged by the USDCHF once again stalled in the region of 0.9118 during the onset of American trading Wednesday. After the publication of a variety of German economic indicators, the pair is now settling at 0.9111/12 in these moments, down a steady -0.42%.
In Germany, the Consumer Price Index (YoY) rose +2.1% in December, against expectations of only +1.9%. Moreover, the Consumer Price Index (MoM) has also climbed +0.9% in the month of December, relative to estimates of +0.7%. The Harmonised Index of Consumer Prices (YoY) has recorded a result of +2.1% in December, against projections of only +2.0%. Finally, the Harmonised Index of Consumer Prices (MoM) gave a figure of +1.0%, against a consensus of +0.8%.
From a technical perspective, Mataf.net analysts note the propensity of supportive means at 0.9117 onto 0.9101. On the ascension, resistances will trigger if the pair rises to 0.9163, then 0.9179, and ultimately 0.9194.
In Germany, the Consumer Price Index (YoY) rose +2.1% in December, against expectations of only +1.9%. Moreover, the Consumer Price Index (MoM) has also climbed +0.9% in the month of December, relative to estimates of +0.7%. The Harmonised Index of Consumer Prices (YoY) has recorded a result of +2.1% in December, against projections of only +2.0%. Finally, the Harmonised Index of Consumer Prices (MoM) gave a figure of +1.0%, against a consensus of +0.8%.
From a technical perspective, Mataf.net analysts note the propensity of supportive means at 0.9117 onto 0.9101. On the ascension, resistances will trigger if the pair rises to 0.9163, then 0.9179, and ultimately 0.9194.
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