10 Aug 2015
USD/CHF retreats from 4-month highs
FXStreet (Córdoba) - USD/CHF is up on Monday but moved off session highs during the American session amid a decline of the US dollar and risk appetite.
USD/CHF pulls back after approaching 0.9900
After falling during the Asian session to 0.9801, the pair bounced to the upside and reached on European hours at 0.9890 the strongest level in four months. Then, greenback lost strength in the market and USD/CHF retreated.
Currently it trades at 0.9855, less than 40 pips above Friday’s closing price. The Swissy is among the few currencies that is losing ground against the US dollar.
Against European rivals, the franc is headed toward the lowest close since the day the Swiss National Bank abandoned the EUR/CHF floor (January 15).
USD/CHF pulls back after approaching 0.9900
After falling during the Asian session to 0.9801, the pair bounced to the upside and reached on European hours at 0.9890 the strongest level in four months. Then, greenback lost strength in the market and USD/CHF retreated.
Currently it trades at 0.9855, less than 40 pips above Friday’s closing price. The Swissy is among the few currencies that is losing ground against the US dollar.
Against European rivals, the franc is headed toward the lowest close since the day the Swiss National Bank abandoned the EUR/CHF floor (January 15).