USD/CHF PRICE ANALYSIS: BEARS IN CONTROL AND EYE DOWNSIDE EXTENSION

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The US Dollar slid again on Thursday but remained near three-month highs although there are bets that the Federal Reserve, which may have more work to do to combat inflation, could indeed hold this month.

DXY, hit a 2-week low as the Federal Reserve is now expected to leave interest rates unchanged when its policy committee meets next week. The CME Fedwatch tool is seeing only a 25% probability that the central bank will raise rates again.

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