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USD/CHF Daily Fundamental Analysis for August 2, 2011

posted by Avatar FXEmpire 992 days ago in USD, CHF, Fundamental made popular 992 days ago

On Monday, optimism prevailed in markets after the approval of raising U.S. debt ceiling before an August 2 deadline which prompted investors to sell low-yielding currencies, led by the yen and dollar, where the franc remained solid against majors. Chinese manufacturing boosted hopes after it showed better-than-estimated ease in expansion.
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