Forex: USD/CHF rejected from 1.0300 trades above 1.0250

By IBTimes Staff Reporter | December 10 2009 3:03 PM

FXstreet.com (Córdoba) - The Dollar is practically unchanged against the Swiss Franc on Thursday. USD/CHF rose to 1.0302 reaching a fresh one-month high but the pair was rejected from those levels and fell to 1.0235 (intra-day low). Greenback gained momentum and rose back above 1.0250. Currently the pair trades at 1.0262/67, only a 0.02% below today's opening price.

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The Swiss Franc is higher against the Euro. EUR/CHF jumped to 1.5129 reaching a two week high but then pulled back sharply after the SNB's decision on rates to 1.5100.

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