2 Feb 2015
USD/CHF drops to 0.9230
FXStreet (Córdoba) - USD/CHF dropped further from 2-week highs and bottomed during the American session at 0.9230, slightly above daily lows. The pair then bounced to the upside, but the recovery lost strength around 0.9280 and currently trades at 0.9254, 60 pips above Friday’s closing price.
The Swiss franc remains weak in the market, after rumors of intervention last week and talks about an informal trading band for the EUR/CHF, but on Monday, the worst performer among European currencies is so far the pound.
Despite moving away from the highs, USD/CHF is still headed toward the highest daily close since January 15, the day when the Swiss National Bank abandoned the EUR/CHF peg.
The Swiss franc remains weak in the market, after rumors of intervention last week and talks about an informal trading band for the EUR/CHF, but on Monday, the worst performer among European currencies is so far the pound.
Despite moving away from the highs, USD/CHF is still headed toward the highest daily close since January 15, the day when the Swiss National Bank abandoned the EUR/CHF peg.