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USD/CHF retreats further below 0.9650

FXStreet (Córdoba) - The Swiss franc is rising against the US dollar for the second day in a row, retreating further from 1-year highs. Recently USD/CHF printed a fresh daily low at 0.9624 after breaking below 0.9635.

The pair remains near the lows, holding a bearish tone in the short term a s the US dollar extends losses in the currency market.

USD/CHF erases pos ECB gains

On Thursday the pair jumped after Draghi's press conference and on Friday peaked at 0.9740; but since then it has fallen more than a hundred pips, and pulled back to the level it had before the ECB decision. Also USD/CHF managed to erase November gains and is back to the levels it had at the end of October.

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