Forex Market - US Session Report

By Nour Eldeen M. Al-hammoury , Chief Mid. East Market Strategist
11 March 2010 @ 05:07 pm EDT

Finally some important economic figures were released today after a calm week of no important economic figures. Today the SNB Swiss National Bank kept its key interest rate on hold at 0.25%, they mentioned that they still looking towards a weak Swiss Franc to help to stabilize the Swiss Economy and support the exports. This comment gave us a sign that the USDCHF is likely to rebound again to break out of its range trend between 1.0700 and 1.0850 to reach somewhere near 1.1000 soon.

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