In the last 24 hrs FX markets have been drifting awkwardly, bombarded by a slew of disconnected news stories, making price action choppy. EURCHF and USDCHF broke higher ahead of tomorrow’s CPI data, with markets unwinding the risk premium assigned to the CHF. The PBoC kicked off the rag-tag day with an oddly timed rate hike. The current tightening cycle which now has seen the 3 moves in 4... ...More...


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