The Swiss franc showed little movement against the dollar this week, closing at 0.9364, virtually unchanged from the week’s opening. The upcoming week is very quiet, with only two important indicators. Here is an outlook for the Swiss events, and an updated technical analysis for USD/CHF.
The SNB did not have any gifts for the markets, forecasting weak economic growth of 0.5% for 2012 and expressing concerns about deflation if the Swiss franc does not depreciate. This may well force the central bank to raise the EUR/CHF of 1.20 in order to push the CHF lower.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdchf-outlook-december-26-30/"]USD/CHF Outlook December 26-30[/URL][/I][/B]
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