NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.
Tag - chf - swiss franc
On Wednesday, January 15, USD/CHF fell to the minimal level since September 2018. The pair declined after the United States put Switzerland on the watch list as a currency manipulator.
January 15 is when CHF was unpegged from EUR in 2015. What happened on the Forex market on that day?
American iInflation data may affect the USD. Safe-haven assets are down ahead of the agreement between the US and China.
The Middle East tension pushes the market into a cautious mode; oil, gold, and the safe-haven currencies gain.
The US dollar has been trying to recover after the suffering in the last days of 2019.
Boris Johnson's strict Brexit agenda is putting the GBP under pressure, causing it lose the December 12-13 gains.
The UK PM Boris Johnson's recent announcements leave little space for Brexit's soft landing.
British General Elections, meetings of the ECB and SNB will drive markets today.
USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
The Federal Reserve meeting is today at 21:00 MT time. Analysts widely expect the Fed to keep rates on hold at the 1.5%-2% range
The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.