Forex | Forex | Forex: USD/CHF trades above 1.0600 (04/09/2009 11:25:00)

Forex: USD/CHF trades above 1.0600

FXstreet.com (Barcelona) – Dollar has recovered its previous losses against the Swissy and, after bouncing at 1.0595 in the early European morning, pair has risen around 40 pips to test daily highs at 1.0635.

Currently, USD/CHF is consolidating levels above 1.0600, trading around 1.0615/25, at the same zone of opening price action.

George Clement, analyst at Swiss e Trade, comments: “An eventless Dollar market against the Swiss Franc seems to continue for a while in today`s trading. Trading quietly around 1.0620 right now, with a very slight bid tone, we expect the Dollar only to move slowly up today, towards levels of 1.0650.”

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