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USD/CHF hits fresh daily lows

FXStreet (Córdoba) - The Swiss franc rose further against the US dollar and hit a fresh daily high. During the European session the pair moved to the upside but the recovery was short lived.

After finding resistance at 0.9550, USD/CHF turned to the downside and dropped to 0.9514, hitting a fresh daily low. The US dollar weakened across the board during the last few hours reaching new lows.

The pair has erased Friday’s gains and is now moving toward the price it had at the beginning of Thursday, when it rose sharply. Last week USD/CHF posted the first weekly loss since early August.

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