The USD/CHF pair reached both our bearish targets last week. USD continued its dive down as skepticism continues to grow around whether the Fed will be able to achieve their four additional rate hikes going out to the end of next year.
Continued tensions with North Korea and natural disasters have contributed to the drops. With the US inflation data coming up this week, we could see some profit take from USD bears which could eventually give it a boost.
On the economic calendar today, New York Fed Survey of Consumer Expectations will be out at 3 PM GMT.
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