The CHF once again held its range versus the dollar once again yesterday! It prevented the USD from advancing past 1.0920 but still fell short to breaking 1.0800.
Today will be the only exception to Switzerland’s completely bare economic calendar. At 4:45 am GMT, we will see the nation’s
unemployment rate. It is predicted to have hit 3.6% in June, up from the 3.5% unemployment rate in May.
Well, that’s pretty much it for Switzerland. Unless we see any major shift in sentiment, the currency’s ranging behavior would probably hold. With the G8 meetings underway, it’d be best to keep an eye and an ear out for any sentiment change... just in case!