USD/CHF remains depressed below 0.8700 with US PMI data on tap
The Dollar remains on the defensive, capped below 0.8700. The Fed’s Dovish turn keeps weighing on the USD.
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The Dollar remains on the defensive, capped below 0.8700. The Fed’s Dovish turn keeps weighing on the USD.
The Swiss Franc (CHF) traded mixed on Thursday after policy meetings by all the major central banks provided traders with more intel on the future course of interest rates – a key driver of currency valuations.
The USDCHF pair rejected the daily 21 moving average. What’s next?
The Swiss Franc (CHF) trades higher against most counterparts on Tuesday as individual factors come into play in each pairing.The US Dollar is down amidst an improvement in risk appetite, with the S&P 500 – a favored barometer of risk – up over 0.4% and long-duration Treasury yields mainly down.
USD/CHF hovers around 0.8800 during the Asian trading hours on Monday, grappling to extend its profits for the third successive session.