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Tag: USDCHF

USD / CHF declines to one-week lows, approaching 0.8950 level

USD / CHF declines to one-week lows, approaching 0.8950 level

USD / CHF fell for the third day in a row on Tuesday and fell to a week-long lows. A softer risk tone benefited the safe haven CHF and put some pressure on the pair. A modest USD strength could prevent traders from placing bearish bets and help limit losses. The pair USD/CHF it fell […]

USD / CHF declines further below 0.9000 as the US dollar declines

USD / CHF declines further below 0.9000 as the US dollar declines

The DXY reverses declines below 90.00 as US yields turn lower. The Swiss franc is heading towards the highest close in two weeks against the US dollar. The USD/CHF it is falling for the second day in a row. The pair broke lower during the US session and fell to 0.8966, reaching the lowest level […]

Switzerland will remain attractive to businesses after the G7 tax deal, according to its Finance Minister

Switzerland will remain attractive to businesses after the G7 tax deal, according to its Finance Minister

The Swiss Minister of Finance said in a statement Monday that The country will likely remain attractive to businesses after the Group of Seven (G7) nations reached a landmark agreement to back a tax rate. Global corporate minimum of at least 15%. Featured statements: “For Switzerland, the focus is on the overall package of competitive […]

USD / CHF still on track to post the highest daily close in three weeks near 0.9050

USD / CHF still on track to post the highest daily close in three weeks near 0.9050

USD / CHF reached its highest level since May 14 on Thursday. The US Dollar Index posts strong daily gains after upbeat US data. The yield on the 10-year US Treasury is increasing by more than 2%. The pair USD/CHF broke its two-week range on Thursday and reached its highest level since May 14 at […]

USD / CHF rebounds to two-week highs around 0.9035 amid resurgent USD demand

USD / CHF rebounds to two-week highs around 0.9035 amid resurgent USD demand

USD / CHF gained strong positive traction on Thursday amid widespread USD strength. Talks about the Fed’s phasing out and the recovery of US bond yields provided some support for the USD. The optimistic reports from the US labor market provided additional impetus and acted as support. A drop in the US equity markets did […]

Bulls remain in control near 0.8990

Bulls remain in control near 0.8990

USD / CHF maintains some gains early in the European session. The pair is looking for additional gains and is comfortably holding above the 50 hourly simple moving average. The Momentum Oscillator hints at bullish momentum. USD / CHF is moving higher at the start of the European session. The pair is moving within a […]

USD / CHF moves away from daily highs, remains above 0.9000

USD / CHF moves away from daily highs, remains above 0.9000

USD / CHF hit a daily high of 0.9025 on Wednesday. The US dollar index continues to rise after closing higher on Tuesday. The Federal Reserve will publish its Beige Book at 18:00 GMT. The pair USD/CHF it was relatively quiet early in the week and posted small losses on Monday and Tuesday before gaining […]

USD / CHF consolidates below 0.9000 before US data.

USD / CHF consolidates below 0.9000 before US data.

USD / CHF is moving with no clear direction on Tuesday. The pair remains despite some strength shown by the dollar before data. The USD / CHF balances between minor gains and losses on Tuesday, staying below the key psychological mark of 0.9000, in the preview of the American session. A combination of divergent forces […]

Currency Interventions Still Important – Fritz Zurbruegg

Currency Interventions Still Important – Fritz Zurbruegg

The Vice President of the Swiss National Bank (SNB), Fritz Zurbruegg, has comments on the importance of intervention in the foreign exchange market and that he still believes that the Swiss franc is still highly valued. Featured statements: We celebrate the recent weakening of the franc, but the currency is still highly valued. The current […]

USD / CHF consolidates Friday’s gains, moving sideways around 0.9000

USD / CHF consolidates Friday’s gains, moving sideways around 0.9000

USD / CHF is trading in a tight range on Monday. The US dollar index begins the new week calmly. US markets will be closed due to the Memorial Day holiday. The pair USD/CHF It gained traction on Friday and reached its highest level in more than a week at 0.9032 before ending the week […]