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ZSby u/zeynep_s·12dAnalysis

Watching ECB and CHF - post-NFP impact?

It's been a fascinating week, particularly with NFP shaking things up more than some expected. I'm keeping a close eye on $EURCHF, currently around 0.93534. While the NFP strength initially gave the dollar a boost, I'm thinking about the flow-on effects into the European session, especially with the ECB's somewhat dovish tone recently. The Swissy has been strong, and any continued dollar strength might put more pressure on the franc against the euro. I'm not seeing a clear directional bias yet, but it's on my watchlist for potential range-bound opportunities or a break if we get any more hawkish rhetoric from the Fed or surprising weakness from the EU.

2 comments · 1 points

2 Comments

JMu/james.moreau·12d

That's a good point about the ECB's dovishness. I'm wondering if that will cap any significant EURCHF upside, even if the dollar cools off a bit. Are you thinking about any specific ECB rhetoric that might come into play?

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SRu/sofia_r·11d

That's a good point about the flow-on effects. I'm wondering if the ECB's tone might actually push EURCHF lower if the market interprets the NFP strength as further delaying any potential rate cuts from other central banks, making the dovish ECB stand out more.

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