{"id":12610,"date":"2010-09-02T10:39:25","date_gmt":"2010-09-02T14:39:25","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12610"},"modified":"2010-09-02T10:39:25","modified_gmt":"2010-09-02T14:39:25","slug":"forex-news-chf-higher-on-surprising-gdp-figures","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/02\/forex-news-chf-higher-on-surprising-gdp-figures\/","title":{"rendered":"Forex News: CHF Higher on Surprising GDP Figures"},"content":{"rendered":"<p>The Swiss franc (CHF) received an increase in strength today, as  Swiss GDP figures came in better than expected over the last quarter.  The USD\/CHF erased almost all of its bullish tendencies which it had  held in earlier trading, and dropped more than 60 pips following this  morning&#8217;s announcement, reaching a solid support level at 1.0110.<\/p>\n<p>The Japanese yen also edged higher vs. the greenback. On the other  side, the Australian dollar led declines, down 0.5% vs. the greenback as  confidence about growth prospects was dented by faltering July export  numbers.<\/p>\n<p>The USD\/JPY dropped as low as 84.08, while the EUR\/JPY traded at  107.50-80 for most of the Asian session. Likewise, the EUR\/CHF dropped  to as low as 1.2955 as the Swiss GDP climbed more than expected in the  second quarter.<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                          may not be     suitable     for     all            investors.       There    is  a                        possibility           that             you   could           sustain a    loss       of  all     of       your                     investment and                  therefore  you             should    not          invest          money    that     you              cannot        afford to             lose.  You             should    be        aware     of        all       the       risks             associated      with          Foreign           Exchange           trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Swiss franc (CHF) received an increase in strength today, as Swiss GDP figures came in better than expected over the last quarter. The USD\/CHF erased almost all of its bullish tendencies which it had held in earlier trading, and dropped more than 60 pips following this morning&#8217;s announcement, reaching a solid support level at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/02\/forex-news-chf-higher-on-surprising-gdp-figures\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex News: CHF Higher on Surprising GDP Figures&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12610","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=12610"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12610\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}