Back
5 Jun 2014
USD/CHF reverses sharply, falls below 0.8950
FXStreet (Córdoba) - The USD/CHF recently reached a fresh 2-week low at 0.8919, after falling more than a hundred pips from the highs. After the decision of the ECB the pair soared to 0.9035, the highest price since February 12 but then reversed sharply.
The US dollar is plummeting across the board during the American session while the Swiss Franc went from being the worst performer to the best.
USD/CHF strong reversal but still NFP
The pair is having the worst day in a month after being rejected from above 0.9000 and is now headed toward the first weekly loss since April. On Friday, the US employment report will be released and could prompt further moves.
The US dollar is plummeting across the board during the American session while the Swiss Franc went from being the worst performer to the best.
USD/CHF strong reversal but still NFP
The pair is having the worst day in a month after being rejected from above 0.9000 and is now headed toward the first weekly loss since April. On Friday, the US employment report will be released and could prompt further moves.