16/08/2020
USD/CHF bounces off multi-month lows amid stronger USD, risk-off mood capping gains http://ntvforex.com/news/?id=01b46b | 3 minutes ago | By Haresh Menghani
A goodish pickup in the demand assisted USD/CHF to gain some positive traction.
A turnaround in the risk sentiment benefited the safe-haven and capped the upside.
The focus remains on developments surrounding the US stimulus and US-China relations.
The USD/CHF pair quickly recovered around 40 pips from the early European session dip to over four-month lows and refreshed daily tops, around mid-0.9300s in the last hour.
The pair managed to find some support ahead of the 0.9300 round-figure mark and for now, seems to have stalled its recent bearish trajectory amid a goodish pickup in the US dollar demand. Against the backdrop o...