25 May 2015
USD/CHF flat around 0.9425
FXStreet (Córdoba) - USD/CHF is trading practically unchanged on Monday, on a quiet session with European and US markets closed amid national holidays, hovering round 0.9420/30.
The pair rose modestly to test Friday’s highs during the Asian session and peaked at 0.9451 but then turned to the downside. The area above 0.9400 capped the decline and price bounced back toward the 0.9420 zone, where it has been trading during the last hours.
Last week the USD/CHF pair rose more than 300 pips, having the best weekly performance since early March boosted by a stronger dollar across the board. Today the Swiss franc so far is the biggest gainer among European currencies.
The pair rose modestly to test Friday’s highs during the Asian session and peaked at 0.9451 but then turned to the downside. The area above 0.9400 capped the decline and price bounced back toward the 0.9420 zone, where it has been trading during the last hours.
Last week the USD/CHF pair rose more than 300 pips, having the best weekly performance since early March boosted by a stronger dollar across the board. Today the Swiss franc so far is the biggest gainer among European currencies.