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5 Sep 2014
USD/CHF highest weekly close since Sep 2013
FXStreet (Córdoba) - Greenback rose more than a hundred pips against the Swiss franc since Monday and posted the highest weekly close since September 2013. Near Wall Street closing USD/CHF was trading slightly above 0.9300, while a week ago it was at 0.9175.
The pair made a bullish run on Thursday following ECB measures to stimulate the Eurozone economy and made a small pull back on Friday, when bottomed at 0.9280 before rebounding back above 0.9300.
The decline of the euro continues to add pressure to the Swiss franc. EUR/CHF fell on Thursday to a fresh 22-month low at 1.2043 but then trimmed losses. The pair matters to traders as it continues to approached 1.20, a level that the Swiss National Bank is expected to defend.
The pair made a bullish run on Thursday following ECB measures to stimulate the Eurozone economy and made a small pull back on Friday, when bottomed at 0.9280 before rebounding back above 0.9300.
The decline of the euro continues to add pressure to the Swiss franc. EUR/CHF fell on Thursday to a fresh 22-month low at 1.2043 but then trimmed losses. The pair matters to traders as it continues to approached 1.20, a level that the Swiss National Bank is expected to defend.