- USD / CHF is falling for the third day in a row on Tuesday.
- The US Dollar Index tests 90.00 ahead of the US session.
- Wall Street is looking to take advantage of Monday’s gains.
He USD/CHF it closed in negative territory for the second consecutive trading day on Monday and extended its slide during European trading hours on Tuesday. After hitting its lowest level in a week at 0.8848, the pair appears to have entered a consolidation phase and was last seen shedding 0.2% on the day at 0.8865.
Investors continue to sell the USD ahead of the New Years holidays
The general weakness of the USD is causing the USD / CHF to decline. The US Dollar Index (DXY) is testing 90.00 ahead of the US session and is down 0.36% on the day.
The strong performance of the main world stock indices makes it difficult for the dollar to find demand as a safe haven. Major Wall Street indices rose to new all-time highs Monday after US President Donald Trump signed into law the coronavirus relief bill on Sunday night.
Additionally, the EU-UK trade deal and the launch of the vaccine provide a boost to investor optimism for 2021.
No US macroeconomic data will be released and the DXY is unlikely to make a rally as US stocks are still on track to hit new records at the opening bell.
Technical levels
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