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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.