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6 Jan 2015
USD/CHF remains firm above 1.0000
FXStreet (Córdoba) - USD/CHF remains firm above the 1.0000 level, approaching its 4-year high struck yesterday, as the franc continues to track euro's moves.
USD/CHF corrected lower during the Asian session but found support at the 1.0040 zone and rebounded, climbing to a fresh daily high of 1.0099 in recent dealings. At time of writing, the pair is trading at 1.0095, recording a 0.27% gain on the day.
The franc continues to underperform against the dollar weighed by SNB decision to set negative interest rates and the fact the central bank, as it has stated, will defend the EUR/CHF floor with utmost determination.
USD/CHF reached a 4-year high of 1.0116 at the weekly opening coincidentally with EUR/USD hitting fresh 9-year lows.
USD/CHF corrected lower during the Asian session but found support at the 1.0040 zone and rebounded, climbing to a fresh daily high of 1.0099 in recent dealings. At time of writing, the pair is trading at 1.0095, recording a 0.27% gain on the day.
The franc continues to underperform against the dollar weighed by SNB decision to set negative interest rates and the fact the central bank, as it has stated, will defend the EUR/CHF floor with utmost determination.
USD/CHF reached a 4-year high of 1.0116 at the weekly opening coincidentally with EUR/USD hitting fresh 9-year lows.