AUD is the strongest. CHF is the weakest.
The AUD is a strongest currency in trading today. The currency has risen against all the major currencies. The catalyst for the move was the Reserve Bank of Australia refrained from lowering rates. The market - prior to the decision - was divided on whether they should lower for the 2nd consecutive month. The expectations - given the nuances of the statetment - are that another cut will likely come at the next meeting in April or at the latest in May.
The CHF is the weakest currency, despite stronger GDP of 0.6% vs. 0.3% estimate (year on year 1.9% vs. 1.7% estimate). The USDCHF moved and closed above the 100 day moving average in yesterday's trade (at 0.95379 currently). It also closed above the November and December low prices (0.9531 and 0.9552 respectively). From a technical perspective, this is helping to contribute to the currencies weakness in trading today. Looking at the hourly chart (see chart below), the pair has stalled near topside trend line over the last 4 or so hours of trading (at 0.9617).
The US dollar is mixed with marginal gains vs the EUR, CHF and GBP and losses vs the JPY, CAD, NZD and AUD. The greenback is weakest against the AUD.
