USD/CHF: Breaks 100 And 200-Day MA

Yesterday's major event was the release of the minutes from the March 28 FOMC meeting. The theme, which markets were quick to pick-up on, was that many members felt that rate hikes were, indeed, coming to an end. The prospect of peaking rates sent equity markets sharply higher and kept the Dollar under pressure. There was also some fear in the minutes that the Fed might tighten "too much" and restrict growth potential. Read More....