USD/CHF Price Analysis: Looks to approach 0.8850 near monthly lows
USD/CHF seems to retrace the recent gains, trading around 0.8880 during the European session on Friday.
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USD/CHF seems to retrace the recent gains, trading around 0.8880 during the European session on Friday.
The USDCHF pair falls back to the lows following the miss in the US CPI report. What’s next?
The USD/CHF observed measured downward movements on Wednesday while trading near 0.8885, with the trajectory of the pair being set by soft US PPI and strong Retail Sales from the US from October.
Chairman of the Governing Board of the Swiss National Bank (SNB), Thomas Jordan, is speaking at the SNB-FRB-BIS third Hight-Level Conference on Global Risk, Uncertainty, and Volatility.
The USD/CHF saw an impressive downward spiral on Tuesday, declining near 0.8915, seeing a loss of more than 1%, mainly driven by a broad US weakness following the report of October inflation figures from the US.