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Forex: USD/CHF pulls back from 1-year highs

By FXstreet.com,  May 14, 2010, 09:40:00 AM EDT

FXstreet.com (Córdoba) - USD/CHF decline to 1.1190 after the release of US economic data. The pair rose earlier to 1.1263 reaching the highest price in a year. Dollar pulled back later but currently is back above 1.1200 and is approaching to daily highs.

Current price at 1.1215/20 is 0.38% above today's opening price. The pair is headed toward the fifth weekly gain in a row and accumulates an increase of more than 500 pips since the begging of May.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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