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USD/CHF hovering around 0.9350

FXStreet (Córdoba) - The Swiss franc is about to end the day with modest gains versus the US dollar, recovering after falling across the board on Wednesday, weakened by speculations about negative rates at the SNB.

The pair peaked during the European session at 0.9375 20 pips below yesterday’s highs and then turned to the downside, reaching the lowest point at 0.9335. Afterwards bounced and near Wall Street closing bell trades at 0.9355, 10 pips below the price it had at the beginning of the day.

USD/CHF consolidating above 0.9300

For the fourth day in a row USD/CHF is about to close above 0.9300 and continues to move with a bullish bias. The rally slowed during the last days, suggesting that the US dollar could take a pause.


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