30 May 2014
USD/CHF erases weekly gains
FXStreet (Córdoba) - The USD/CHF is falling sharply on Friday and has erased weekly gains. Recently the pair bottomed at 0.8932, reaching a fresh 1-week low.
After finding support around 0.8935 rebounded to the upside but the recovery was capped at 0.8950. Currently trades at 0.8941, down 0.41% for the day. The US dollar is having the worst day in a month against the Swiss Franc.
USD/CHF first weekly decline for May
The pair is trading almost 20 pips below the price it closed last week, headed toward a negative weekly result, the first one since the beginning of May. The rally from 0.8700 lost momentum near 0.9000 favoring a pullback.
After finding support around 0.8935 rebounded to the upside but the recovery was capped at 0.8950. Currently trades at 0.8941, down 0.41% for the day. The US dollar is having the worst day in a month against the Swiss Franc.
USD/CHF first weekly decline for May
The pair is trading almost 20 pips below the price it closed last week, headed toward a negative weekly result, the first one since the beginning of May. The rally from 0.8700 lost momentum near 0.9000 favoring a pullback.