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USD/CHF hovering around 0.9500

FXStreet (Córdoba) - The Swiss franc was rising against the US dollar for the first time in a week but Greenback recovered ground versus European currencies during the American session and erased losses.

USD/CHF buttoned earlier at 0.9487 but then bounced to the upside and climbed to 0.9516. Ahead of Wall Street closing bell it was trading around 0.9510/14, at the same level it closed on Friday. Price continues to consolidate near 0.9500, trading around multi-year highs.

EUR/CHF and GBP/CHF flat

The Swissy rose initially against its neighbors but then erased gains and it was about to finished the day unchanged. EUR/CHF was trading around 1.2065/70 after reaching a 2-week low at 1.2061 while GBP/CHF rebounded at 1.5415 and rose back toward 1.5450.

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