USD/CHF is rising for the fifth straight day on Thursday. SNB’s Jordan says economic recovery situation remains fragile. US Dollar Index stays in the green near 94.50. The USD/CHF pair continued to edge higher on Thursday and touched its best level since late July at 0.9269. As of writing, the pair was up 0.23% on the day at 0.9260. CHF remains on the back foot after SNB meeting Earlier in the day, the Swiss National Bank (SNB) announced that it left its key rate unchanged at -0.75% as expected. During the press conference, SNB Chairman Thomas Jordan acknowledged that the economic recovery situation remains fragile in Switzerland and said that interventions have had an impact against the upward pressure of the CHF. On the other hand, the broad-based USD strength allows the bullish momentum to remain intact. The US Dollar Index, which gained more than 1% in the first half of the week, continues to push higher on Thursday and was last seen gaining 0.12% on the day at 94.46. The first macroeconomic data from the US showed that Initial Jobless Claims rose slightly to 870,000 last week and came in worse than the market expectation of 843,000. The market reaction, however, was muted and investors are waiting for the New Home Sales and Kansas Fed Manufacturing Activity data that will be released later in the session. Moreover, FOMC Chairman Jerome Powell will be testifying before Congress but is now expected to deliver any comments on the policy outlook. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Rosengren: Fiscal support needed for low-income individuals, small businesses FX Street 2 years USD/CHF is rising for the fifth straight day on Thursday. SNB's Jordan says economic recovery situation remains fragile. US Dollar Index stays in the green near 94.50. The USD/CHF pair continued to edge higher on Thursday and touched its best level since late July at 0.9269. As of writing, the pair was up 0.23% on the day at 0.9260. CHF remains on the back foot after SNB meeting Earlier in the day, the Swiss National Bank (SNB) announced that it left its key rate unchanged at -0.75% as expected. During the press conference, SNB Chairman Thomas Jordan acknowledged that the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.