Despite the fact that the main event of the week is yet to be, the forex market was in a flushed state on Monday. For those who sold and bought CHF AUD, of course, it was excellent start to the week. CHF was the primary victim to data from the U.S., losing more than 1% to USD for the day. Meanwhile AUD vengeance went ahead, supported by strong data from China and a stronger tone commodity platforms. This was the penultimate month of the year for merchant accounts, so that the motion reflected the prospects of development of risk appetite in the last month before the Fed meeting, especially when that liquidity and make the holidays more difficult month of December to the risks and goals of the year.
Suffering Suisse. After the volatility of the yen in early trading, the Swiss franc has been the main casualties of currencies on Tuesday. Swiss was more strongly captured the dynamics of the market shares of late, which identified a good market conditions of U.S. securities at the opening. Another angle that should be noted - is the weakening of the indicators of the domestic economy, which has recently manifested itself in the form of drop index KoF last week and the PMI on Monday. This is not to overlook, as Swiss officials were very optimistic in the middle of the year in respect of the domestic economy, and since then the indices weaken.
Translate this page
