9 Jan 2015
USD/CHF rises for the fourth week in a row
FXStreet (Córdoba) - USD/CHF was unable to hold above 1.0200 on Friday and fell posting the first daily lose since the beginning of the year. Greenback weakened after the US employment report and pulled back across the board.
Despite falling on Friday, the USD/CHF pair is about to post the fourth weekly gain in a row and the strongest close since September 2010, after trading all week above the parity level. Currently is hovering around 1.0150, 130 pips above from where it was a week ago.
The US continues to move with a bullish bias across the board, trading near multi-year highs while the Swiss franc remains under pressure affected by a weak euro.
Despite falling on Friday, the USD/CHF pair is about to post the fourth weekly gain in a row and the strongest close since September 2010, after trading all week above the parity level. Currently is hovering around 1.0150, 130 pips above from where it was a week ago.
The US continues to move with a bullish bias across the board, trading near multi-year highs while the Swiss franc remains under pressure affected by a weak euro.