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Forex Flash: USD likely to continue to trail CHF AllThingsForex
FITITOL--> FXstreet.com (San Francisco) - USD/CHF lost ground for a fourth successive day on Friday, initially stretching as high as 0.9132 in earlier trade, but then peeling back sharply to a 3-week low of 0.9050, poised to end trading in NY at 0.9060 vs. 0.9092 past Friday.“QE3 expectations are not helping the greenback, but with the SNB commited to keep the CHF cap against the EUR, the USD would likely continue to trail within its current 0.895-0.935 range against the franc,†says Ilian Yotov, FX Strategist and Founder of AllThingsForex.
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