Forex | Forex | USD mixed, CHF pressured by SNB intervention (24/06/2009 12:28:48)

USD mixed, CHF pressured by SNB intervention

FX Highlights USD is mixed as the OECD says the Fed should not raise interest rates before 2011 and forecasts improving global economic outlook, commodity currencies rise supported by the OECD forecast, CHF pressured by rumors of SNB intervention Focus turns to today's release of US durable goods, new home sales and the conclusion of the FOMC meeting, the trade is looking for clues to the Feds plans for an exit strategy from quantitative ease, no policy change is expected, the Fed is expected


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