USD/CHF stays in red near mid-0.99s

Risk-aversion dominates the market action. European equity indices record moderate losses on Friday. US Dollar Index fails to hold above 96.50. After spending the Asian session in a very tight range near the 0.9970 handle, the USD/CHF pair came under a modest pressure during the Europea ...

USD/CHF turns flat near 0.9940 ahead of US data

US Dollar Index consolidates daily losses above 96.50. European indices rebound modestly. The USD/CHF pair eased below the 0.9920 during the early European morning as the CHF struggled to find demand as a safe-haven in the risk-on environment. However, with the greenback continuing to retrac ...

USD/CHF upside pressure alleviated below 0.9858 – Commerzbank

In opinion of Axel Rudolph, Senior Analyst at Commerbank, a drop below 0.9858 could mitigate upside pressure. Key Quotes “Yesterday USD/CHF probed last week’s high at .9985 which provoked failure marginally below the June highs at .9990/92. We will retain an upside bias while the Jul ...

USD/CHF rises toward 0.9930, turns flat on the day

The USD/CHF pair finds support near the 0.99 handle. Wall Street gains traction in the first half of the NA session. US Dollar Index advances above 99.40. The greenback's downward correction forced the USD/CHF pair to fall to a 5-day low at 0.9901. However, the combination of an improve ...

USD/CHF keeps the upside bias above 0.9868/58 – Commerzbank

In view of Axel Rudolph, Senior Analyst at Commerzbank, the pair’s constructive stance remains unchanged while supported by 0.9868/58 band. Key Quotes “Last week USD/CHF formed a minor top at .9985, just shy of the June highs at .9990/92, before slipping back towards the 55 day movin ...

USD/CHF steadies below 0.9950, looks to close the week flat

Core-CPI in the U.S. bear expectations in July. US Dollar Index looks to close the week above 96. Flight-to-safety allows CHF to recover its losses. The broad-based USD strength during the first half of the day lifted the USD/CHF pair to a fresh weekly high at 0.9975. However, the pai ...