USD/CHF backs off but remains close to the highs
A week ago, the US dollar appeared to be breaking out against the Swiss franc as it rose above parity and the May highs.
However this week's worries about the Fed and US protectionism led to a retracement and a dip down to 0.9944.
That doesn't change the big picture in this pair as the dollar benefits from Fed tightening and a strong economy but it highlights some of the risks.
For the broader market, the pound was the worst performer this week despite the rebound today. Poor inflation data and Brexit drama were the culprits.
