Back
22 May 2015
USD/CHF rejected from below 0.9300
FXStreet (Córdoba) - USD/CHF moved off session lows and it was rising above 0.9300 ahead of the release of inflation data in the US.
USD/CHF rebounds
A weak dollar across the board pushed the pair to the downside during the Asian session. It bottomed at 0.9283, the lowest level since Tuesday. But USD/CHF was rejected from below 0.9300 and bounced to the upside, rising to 0.9340. Currently trades at 0.9330, 40 pips below yesterday's closing price.
The Swiss franc and the euro are among the best performers on Friday in the forex market. But both currencies are still lower for the week against greenback. USD/CHF so far is having the best weekly performance in a month, but the upside remains limited by the 0.9400 area.
USD/CHF rebounds
A weak dollar across the board pushed the pair to the downside during the Asian session. It bottomed at 0.9283, the lowest level since Tuesday. But USD/CHF was rejected from below 0.9300 and bounced to the upside, rising to 0.9340. Currently trades at 0.9330, 40 pips below yesterday's closing price.
The Swiss franc and the euro are among the best performers on Friday in the forex market. But both currencies are still lower for the week against greenback. USD/CHF so far is having the best weekly performance in a month, but the upside remains limited by the 0.9400 area.