USD/CHF: 1.2050 Finally Hit As Retails Beat Expectations

US Retail Sales beat expectations in November, hitting +1.0% Vs the previous -0.1% reading (revised from -0.4%). The Dollar has popped higher in the wake of the data and USD/CHF has finally hit 1.2050. Short-term & spec players looked to have bailed in the wake of the move higher and this profit taking should now weigh on the pair in the short-term.