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Yesterday the USD/CHF did make further headway, helped by the sharp reversal in the EUR/USD. So, that saw the USD/CHF reach a new post SNB policy shift high, at 0.9074. Unsurprisingly that high was set right on the 4pm London fix. Unfortunately, it was unable to hold that gain and fell back towards the US close, hitting a low at 0.9034. The USD/CHF closed in the US at 0.9037. The range seen so far today has been covered by 0.9025 to 0.9051. The inability to hold the gains seen yesterday afternoon comes as US yields slip and the dollar loses more ground versus the Yen right now. That is not helping the USD/CHF much at the moment and keeping it in check. Beyond that, the outlook here for next year remains positive and as stated many times before- what on earth is the dollar doing below parity with the CHF? The reader is left to ponder that question into the New Year and beyond. The USD/CHF is currently trading at 0.9036
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