20 Feb 2015
USD/CHF hits fresh lows under 0.9400
FXStreet (Córdoba) - USD/CHF fell further and printed a 2-day low at 0.9372. Afterwards rebounded and it was trading around 0.9400/10, down 0.95% for the day, suffering the worst decline in a month.
The franc rose across the board during the American session amid Greek negotiation, but trimmed gains versus the euro, that outperform the Swissy during the last hours.
USD/CHF reversal
Earlier USD/CHF climbed to 0.9535 hitting the strongest level since January 15, but then turned to the downside, accelerating the decline below 0.9500 first and then under 0.9425, making an important reversal.
Despite falling more than 150 pips from the highs, the pair is still above the level it had seven days ago.
The franc rose across the board during the American session amid Greek negotiation, but trimmed gains versus the euro, that outperform the Swissy during the last hours.
USD/CHF reversal
Earlier USD/CHF climbed to 0.9535 hitting the strongest level since January 15, but then turned to the downside, accelerating the decline below 0.9500 first and then under 0.9425, making an important reversal.
Despite falling more than 150 pips from the highs, the pair is still above the level it had seven days ago.