fundamental News - USD/CHF

The USD/CHF is falling on Monday after rising during six consecutive days. It tested the two-month high below 0.9300 earlier today but it turned to the downside falling toward 0.9250. During the American session it spiked to 0.9286 and as of writing, it is testing the daily low near the 0.9255 area.

While the Swiss franc gained momentum mover the last hours, trimming losses versus the euro and the pound, the US dollar held onto some weekend versus G10 currencies but off lows.

The greenback bottomed before the US session and then the bearish pressure somewhat alleviated. The DXY reached at 94.13, the lowest since Wednesday and then climbed back above 94.30. After rising sharply across the board last week, the US dollar is losing strength. 

The euro and the Swiss franc were not affected so far by comments from European Central Bank President Lagarde. She mentioned that the external value of the euro has an impact on inflation, and the ECB monitors price action moves in the FX market. Regarding divisions at the Governing Board, she mentioned that is “healthy” to have dissents among board members.

Source: fxstreet