May 25, 2010
The USDCHF edged slightly higher thanks to some renewed dollar strength, but it wasn’t enough to completely bust out of its range. With the pair now trading a hair above the 1.1600 handle, what could be in store for us today?
The only piece of data coming out today is the UBS consumption indicator index. Last month, the index posted its highest score in two years at 1.71. Will today’s release show a similar figure? If it does, it may keep the franc from experiencing more losses versus the dollar.
"The only cable I watch is the pound baby."