USD / CHF jumps to one-week highs above 0.9200

  • The rise in the dollar loses momentum, but maintains the bias in favor.
  • USD / CHF hits one-week highs before small pullbacks.

The USD / CHF gained momentum and climbed to 0.9213, reaching the highest level since June 21. From the high it then fell back and is trading just below 0.9200 in the run-up to the American session.

The advance of the pair occurred before a rally of the dollar throughout the market, in the beginning of a week, which will end with the start of a new month and the US employment report.

The The rise of the dollar of the dollar occurred before a modest weakening of the actions in the world and despite the fall in the yields of Treasury bonds. The 10-year rate fell below 1.50%.

The Swiss franc also loses ground against the pound and the euro, although it gains against those linked to commodities. The latter are the weakest of the day. EUR / USD fell to test 1.1900; a drop below could trigger more selling and push the USD / CHF higher.

Technical levels

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