USDCHF Breakdown (9 March 2020)

Title : USDCHF Breakdown (March 9, 2020)

Broker : Tickmill

Description : USDCHF Daily Outlook – Last week the USD took a bunch of beating on a combination of Fed rate cut actions and expectations, and as the coronavirus starts the spread through the United States topping 550 cases and 21 deaths at the time of filming. Meanwhile, the Canadian dollar took a massive hit on Friday and early during Monday’s Asian session as oil prices continued to drop to its worst day in 10 years. This week is projected to remain incredibly volatile across most currency pairs but on Monday we’ll also be looking at China’s CPI for February.

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