The 0.8931 / 10 support band has been held at USD / CHF, explains Karen Jones, Head of the Research Team at Commerzbank. Expect the pair to correct higher towards the 0.9100 level. Key statements: “USD / CHF held the support band of 0.8931 / 10 (Fibo), as we suspected and the market appears ready […]
Tag: USDCHF
USD / CHF rises to week-long highs, seeks to extend momentum above 0.9000
USD / CHF gained traction for the second day in a row and rose to new weekly highs. Risk appetite undermined the safe haven CHF and provided a modest boost to the pair. The rally in US bond yields provided some support for the USD. The pair USD/CHF it updated weekly highs during the early […]
USD / CHF clings to multi-month lows, around 0.8950
USD / CHF, so far, has been struggling to post a significant recovery from multi-month lows. A rally in US bond yields provided a modest rise to the USD and extended some support. Risk appetite undermined the safe-haven CHF, although it did little to impress bull traders. The pair USD/CHF it extended its consolidated price […]
Jordan says the Swiss franc remains very strong
The president of the Swiss National Bank (SNB), Thomas Jordan, reiterated on Tuesday that negative interest rates are still absolutely necessary and you have added that there is only a small risk of inflation in Switzerland, as reported by Reuters. Jordan has further noted that he sees no reason to change the current setting of […]
USD / CHF recovers from multi-month lows, still negative around 0.8960-55
Widespread USD weakness triggers new selling around USD / CHF on Tuesday. Pessimistic expectations from the Fed and falling US yields continue to put pressure on the dollar. Market optimism weighs on the safe-haven CHF and helps limit the pair’s slide. The pair USD/CHF has moved sharply lower during the European session on Tuesday, falling […]
USD / CHF falls towards 0.8950 as USD struggles to find demand
USD / CHF was under modest downward pressure in the American session. The US dollar index continues to push lower as risk flows dominate the markets. The major Wall Street indices post strong gains after the opening bell. The pair USD/CHF it rose to a daily high of 0.9003 during European trading hours, but lost […]
USD / CHF: Growing inflation concerns pose some upside risks for the Swiss franc
MUFG Bank analysts, They note that the Swiss franc has recently started to strengthen along with the price of gold. They argue that the move is due more to raising concerns about higher inflation than to demand for safe havens. Key statements: “The strengthening of the CHF in recent months has cast some doubt on […]
USD / CHF falls to fresh three-month lows around 0.8950
USD / CHF remains under pressure during the first half of trading action on Friday. A pullback in US bond yields and pessimistic expectations from the Fed continue to weigh on the dollar. Risk appetite weighs on the safe-haven CHF and helps limit the pair’s slide. The pair USD/CHF has managed to recover from an […]
USD / CHF falls to the 0.9000 region ahead of US data.
USD / CHF falls back towards the 0.9000 level ahead of US data. The US Dollar DXY Index continues to hold above 90.00 on Thursday. The major Wall Street indices appear to start the day little changed. After spending the first half of the day around 0.9050, USD / CHF has lost its traction and […]
USD / CHF rises above 0.9000 amid broad USD strength
USD / CHF gained traction after closing lower on Tuesday. The US Dollar Index tests 90.00 before the FOMC Minutes. Global stock indices are suffering heavy losses on Wednesday. The pair USD/CHF It fell to its lowest level since late February at 0.8960 on Tuesday, but reversed its direction on Wednesday. At time of writing, […]