- USD / CHF maintained its demanding tone and rose for the fourth consecutive day on Friday.
- The dollar retreats slightly on Friday, but the weakness of the Swiss franc keeps the USD / CHF higher.
The USD / CHF reached new highs since July in the European session at 0.9416 before retreating towards the 0.9400 zone, before a loss of strength of the dollar in the market in a context of appetite for risk.
Despite the decline in USD / CHF, it remains in positive territory, on its way to having the fourth consecutive daily gain. This partly reflects the weakness of the Swiss franc, since the dollar shows the majority of falls in the market, in a climate of appetite for risk and correction of the greenback.
On Thursday the markets and partly the dollar, were encouraged by data from the US economy, especially the drop in unemployment benefit requests to the lowest levels in a year. Personal income and spending data and consumer confidence measurements will be released on Friday.
Traders will also keep an eye on what happens to the bond market, where Treasury bond yields are taking an upward pace, which may lead to boost the dollar again.
Technical levels
.
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.
