- USD / CHF lost its momentum after rising to 0.8880.
- The US Dollar Index remains relatively quiet above 91.00.
- Q3 GDP in the US has slightly improved expectations.
The pair USD/CHF It advanced past 0.8900 on Monday, but erased its daily gains to close virtually unchanged at 0.8855. Although the pair rose to 0.8880 earlier in the day on Tuesday, it was unable to preserve its momentum amid the lack of significant fundamental drivers. At time of writing, USD / CHF posted small losses at 0.8850.
DXY rally loses steam on Tuesday
Risk aversion from coronavirus fears and no-deal Brexit concerns earlier in the week helped the USD gain traction against its rivals.
The US Dollar Index (DXY) rose to 91.02, but changed direction in the second half of the day, as the major Wall Street indices saw a steady rally supported by the stimulus agreement in the US Currently, the S&P 500 futures are up 0.2% on the day, suggesting that the USD is unlikely to outperform its peers during US trading hours.
On Wednesday, the Swiss National Bank will publish its Quarterly Bulletin for the fourth quarter, while today the United States has published its final Gross Domestic Product for the third quarter, with an increase of 33.4%, surpassing the 33.1% forecast by the market.
Technical levels
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