Swiss franc rises amid risk aversion, DXY hits monthly lows amid lower yields. Equity prices finished lower in Europe; Dow Jones drops more than 2%. The USD/CHF broke below 0.9530 and accelerated to the downside, easily breaking 0.9500. As of writing it trades at 0.9485, the lowest level since March 2018. The US dollar is falling for the fifth time out of the last six trading days versus the Swiss franc. On Wednesday it rose modestly, giving some signals about a potential consolidation but those did not last and on Thursday resumed the downside. The US dollar continues under pressure against majors as the rally in US bonds continues. The US 10-year yield dropped to a new all-time low at 0.925%. Market participants see more rate cuts from the Federal Reserve. Despite the monetary stimulus, equity markets are falling on Thursday. In Europe, indexes dropped around 1.7% on average while in Wall Street the Dow Jones tumbles 2.55%. The risk-off mood is back again as the impact of the coronavirus spreads across the globe. Levels to watch The bias and the momentum point to further losses in USD/CHF despite oversold readings in main technical indicators and time-frames. On the downside, the next strong support is seen around 0.9455. Now the 0.9500 area is the immediate resistance followed by 0.9530. 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 US Pres. Trump: Working very hard to keep coronavirus numbers as low as possible FX Street 3 years Swiss franc rises amid risk aversion, DXY hits monthly lows amid lower yields. Equity prices finished lower in Europe; Dow Jones drops more than 2%. The USD/CHF broke below 0.9530 and accelerated to the downside, easily breaking 0.9500. As of writing it trades at 0.9485, the lowest level since March 2018. The US dollar is falling for the fifth time out of the last six trading days versus the Swiss franc. On Wednesday it rose modestly, giving some signals about a potential consolidation but those did not last and on Thursday resumed the downside. The US dollar continues under pressure… 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.
