but after reaching the ratio of "1 to 1" in mid-May, it did not maintain its footing and began to fall sharply, albeit touching a three-year high at the same time. Prior to then, the pair had been trading sideways in the 0.91-0.93 range for about a year. Prior to that, for almost a year the pair moved sideways 0.91-0.93. Most likely, she will return there in the near future. Gradual tightening of the Fed's monetary policy and reduction of the balance sheet is already being put into the market, and a number of progressive states are beginning to revise the dollar's share in reserves, along the way paying attention to the sale of government bonds in China. This is extremely negative for the US economy and the dollar in the future, and the Swiss franc is again turning into a safe haven for traders. The nearest supports are 0.953, 0.948 and 0.936.
Jean-Christophe Sylvain
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USDCHF - dollar failed to maintain parity
by Jean-Christophe Sylvain | June 02, 2022