USD/CHF ends week with gains after strong rebound

FXStreet (Córdoba) - The USD/CHF is about to end the week hovering below 0.8950, rising on Friday for the fourth day in a row. The Swiss Franc was among the weakest currencies during the week.

The pair managed to finish with gain after making a strong rebound. On Monday price fell sharply and bottomed on Tuesday at 0.8855, the lowest price since May 12. Then stabilized and jumped on Thursday on NFP and after Draghi’s press conference.

USD/CHF ends above 0.8900

With the latest bullish run the USD/CHF once again avoided a weekly close under 0.8900 and recovered part of the losses from the second half of June.