USD/CHF rebounds and rises above 0.9550

FXStreet (Córdoba) - Greenback strengthened across the board during the last hours after the release of economic data from Europe. USD/CHF climbed to 0.9554, approaching to 0.9570/75, the level it had at the beginning of the week.

Yesterday the pair fell to 0.9465/70, where last week lows lie, found support and rebounded slightly on Asian hours but then accelerated to the upside. Currently trades near the highs around 0.9550, 80 pips above daily lows.

CHF, the best among European currencies

The Swiss franc, despite falling against the US dollar, is rising versus its neighbours supported by risk aversion. EUR/CHF and GBP/CHF reached fresh weekly lows.