25 Jun 2015
USD/CHF trims gains, retreats below 0.9400
FXStreet (Córdoba) - USD/CHF rose during the European session boosted by Thomas Jordan words but then lost strength and trimmed gains. The pair peaked at 0.9414, the strongest level since June 8 but then dropped quickly amid Greek deal rumors.
Price dropped quickly to 0.9340 but then rebounded and currently is hovering around 0.9370/80, 35 pips above yesterday’s closing price. The pair is headed toward the highest close since early June but still trades slightly below the level it had at the begging of the month.
CHF among the weakest
The Swiss franc is falling across the board on Thursday while the US dollar remains steady. Against the pound, CHF trades at the lowest in three months.
Despite the weak franc, USD/CHF has been unable to rally above 0.9400, not even with better-than-expected US data; it was rejected from above and it failed to consolidate on top.
Price dropped quickly to 0.9340 but then rebounded and currently is hovering around 0.9370/80, 35 pips above yesterday’s closing price. The pair is headed toward the highest close since early June but still trades slightly below the level it had at the begging of the month.
CHF among the weakest
The Swiss franc is falling across the board on Thursday while the US dollar remains steady. Against the pound, CHF trades at the lowest in three months.
Despite the weak franc, USD/CHF has been unable to rally above 0.9400, not even with better-than-expected US data; it was rejected from above and it failed to consolidate on top.