26 Aug 2015
USD/CHF rises to 0.9500
FXStreet (Córdoba) - Greenback gained momentum during the last hours of trading on Wednesday particularly against European currencies. USD/CHF is trading at daily highs near 0.9500 and yesterday’s highs that lie at 0.9505.
Currently it stands at 0.9497/99, higher that the level it had at the beginning of the week. The US dollar is confirming the recovery. On Monday it dropped to 0.9255, after a 200-pip slide and then bounced to the upside on Tuesday, but finished far from the highs.
Today moved to the upside all day and currently is testing a key resistance area. Above 0.9505 it could extend gains.
Between data and Dudley
US economic data boosted greenback in the market, after the durable goods orders report surpassed expectations. Then it lost strength following New York Fed President, William Dudley comments about the rate outlook. The weakness was short-lived and USD/CHF resumed the upside after finding support around 0.9440.
Currently it stands at 0.9497/99, higher that the level it had at the beginning of the week. The US dollar is confirming the recovery. On Monday it dropped to 0.9255, after a 200-pip slide and then bounced to the upside on Tuesday, but finished far from the highs.
Today moved to the upside all day and currently is testing a key resistance area. Above 0.9505 it could extend gains.
Between data and Dudley
US economic data boosted greenback in the market, after the durable goods orders report surpassed expectations. Then it lost strength following New York Fed President, William Dudley comments about the rate outlook. The weakness was short-lived and USD/CHF resumed the upside after finding support around 0.9440.