- USD / CHF is falling for the third day in a row on Thursday.
- The US dollar index is moving sideways near 92.00 in the American session.
After closing below 0.9100 on Wednesday, the pair USD/CHF it fell on Thursday and hit its worst level since Nov. 9 at 0.9060. At time of writing, the pair was down 0.15% on the day at 0.9065.
Risk aversion supports CHF on Thursday
In the absence of significant fundamental drivers and weak trading conditions due to the Thanksgiving holiday in the US, the cautious market mood appears to be helping the CHF gain traction against its rivals.
Poland and Hungary reiterated their willingness to veto the euro zone budget amid the lack of new proposals on Thursday. Furthermore, the latest developments around the Brexit negotiations showed that the parties have not been able to make progress on key issues such as fisheries.
Reflecting the gloomy market mood, the UK’s FTSE 100 and Germany’s DAX ended the day in negative territory.
On the other hand, the US dollar index, which closed the last two days in negative territory and lost more than 0.5% during that period, is making a technical correction on Thursday and keeping USD / CHF losses limited for the time being. At the moment, the index is holding on to modest daily gains at 92.05.
No significant macroeconomic data will be released on Friday and risk perception is likely to continue to affect USD / CHF movements.
Technical levels
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