USD / CHF rally extends to two-week highs at 0.9170

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  • The US dollar appreciates for the fourth day in a row and peaks at 0.9170.
  • The dollar is rebounding amid COVID-19 fears and U.S. election uncertainty.
  • Upbeat US data offers more support for the USD.

The dollar has extended its rally against the Swiss franc for the fourth day in a row. The pair has accelerated its uptrend favored by the strength of the broad-based USD, to appreciate around 0.65% on the day, reaching two-week highs at 0.9170.

The US dollar appreciates across the board

The dollar is outperforming its major peers on Thursday, fueled by a combination of concerns about the spread of COVID-19 cases in Europe and the United States and uncertainty about the outcome of the US elections, less than a week before Wednesday. voting.

Additionally, upbeat macroeconomic data from the US, with the US Gross Domestic Product expanding at an annualized pace of 33.1% in the third quarter and weekly jobless claims falling beyond expectations, has offered support. additional to an already strengthened US dollar.

Credits: Forex Street

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