- Swiss franc among the best performing currencies on Tuesday.
- USD / CHF without being able to return above 0.8900.
The USD / CHF is trading around 0.8895, with slight losses for the day, reflecting the good moment of the Swiss franc in the market. The dollar is rising modestly on almost all fronts but the USD / CHF is not.
The Swiss franc possibly appears as a refuge from the complications of a Brexit agreement and in the run-up to the meeting of the European Central Bank. EUR / CHF hit one-month lows at 1.0769 before rebounding slightly, while GBP / CHF fell for the third day in a row and is close to November lows.
The dollar for its part shows slight rises that propel the DXY towards 91.00. With no shock data on Tuesday, attention may turn to what happens on Wall Street.
Current USD / CHF levels are the lowest since January 2015. On Monday it bottomed out at 0.8874 and then rebounded but could not exceed 0.8910 / 15. The trend and timing continue to point to the downside, although for now the 0.8890 area appears as relevant support. A confirmation below would point to more losses.
Levels to consider
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
