USD/CHF: Dollar Dips As Inflows Turn To Outflows

The US unit has dipped further on news that the December Capital Inflow reading stood at USD -11Bln. With inflows turning to outflows the US unit is likely to remain under pressure and bids into 1.2350 are in for an examination. Any break below 1.2350 will eye a return towards 1.2300 and the 1.2280 area where technicians point to key downside levels.