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    USD/CHF: has the correction ended? on 21.05.2015

    At the beginning of this week the pair USD/CHF has grown significantly and tested the level of 0.9400. However, the price failed to consolidate above this level and is now undergoing correction caused by the minutes of the meeting of the US Fed, released on Wednesday. According to the minutes, most of the members of the US FOMC believe that it is impossible to raise interest rates at the US Fed meeting in June because of the poor indices of the American economy in Q1. This position of the regulator has disappointed market participants and the demand for the USD has decreased.

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