GBP

CHF Surges as USD Retreats- JPY Drifts Above Key Daily Support

The greenback is weaker against all its major counterparts save the yen amid a rebound in broader market sentiment. Here are the setups we will be trading on USDCHF and USDJPY. Daily Winners and Losers The Swiss franc is the strongest performer against a weaker greenback with an advance of 0.65% ahead of the European close. Market sentiment is well supported with equities and Treasury yields rallying on stronger than

USD Index Struggles To Hold Trend Ahead Of FOMC, GBP Looks Higher

The greenback threatened its bullish trend on Friday as the Dow Jones-FXCM U.S. Dollar Index tumbled to a fresh weekly low of 9,913, but the reserve currency may snap back going into May should the Fed continue to soften its dovish tone for monetary policy.