Page 8 - Usdchf News Today

The Dollar consolidate recent gains, steady above 0.8780. The strong NFP report has provided a fresh impulse to the USD.

The Swiss Franc (CHF) edges lower in most pairs on Monday as investors digest the strong US labor market data and bide their time ahead of the action expected later in the week when several major central banks will make their policy decisions.

The Swiss Franc (CHF) trades lower in most of its major pairs on Friday after the release of a better-than-expected US jobs report supports risk appetite, driving flows away from the safe-haven Franc.

The Swiss Franc (CHF) trades mixed on Thursday – rising versus the Euro which sees losses after a slew of more unfavorable figures, but falling to the strengthening US Dollar, and to a lesser extent the Pound Sterling, which was briefly buoyed by a less morbid financial outlook.

The USDCHF pair continues to fall strongly supported by aggressive Fed rate cuts expectations. What’s next?

The USD/CHF shed a little over a tenth of a percent from Wednesday’s peak bids of 0.8760 before a pullback towards the day’s opening prices in the American market session.

The Dollar threads water with the CHF favoured by the negative risk sentiment.

The USD/CHF is continuing to climb for a second trading day, with the US Dollar (USD) getting propped up by broad-market risk-off flows rather than any specific weakness in the Swiss Franc (CHF), which is up over 3% against the USD since early November.

The US Dollar’s mild recovery attempt seen early on Monday has found support right below the 0.8760 resistance area, which leaves the pair treading water near four-month lows.

The USD/CHF started the Thursday trading session negatively, dropping to 0.8685, setting fresh multi-month lows but then settling around 0.8750, courtesy of a strengthening of the US Dollar.