USD/CHF carries the broad US dollar weakness amid the rush to risk-safety. Coronavirus fears keep trade sentiment under pressure, bonds yields/equities nosedive. Risk catalysts, US NFP will be in the focus. Following its drop to the fresh low since late-March 2018, USD/CHF seesaws around 0.9440, down 0.22%, during the initial Friday. The extension of coronavirus (COVID-19) carnage joins increasing odds for the Fed to announce another rate cut. While identifying this, investors keep avoiding the risks while keeping safe havens like the Swiss franc on the platter. While emergencies in California and rising death toll elsewhere in the US kept the risk-tone heavy during Thursday, updates from Washington played their role during the early Asian session on Friday. Also increasing the fears of COVID-19 were the comments from the US Vice President Mike Pence who accepted the lack of virus testing kits. It should also be noted that the US House passed $8.3 billion emergency bill to counter the deadly virus. Though, the US Federal Reserve officials continue to turn down the odds of any further rate cuts while showing readiness for additional steps if necessary. The Chinese economy is likely to bear the burden of the disease that took a toll on the global economy whereas South Korea and Japan are also struggling with the illness. To portray the market’s risk-off, the US 10-year treasury yields drop 11 basis points (bps) to a fresh record low of 0.813% whereas stocks in Asian sail into the sea of red by the press time. Moving on, investors will now keep eyes on the coronavirus headlines ahead of the US employment data. Forecasts suggest the pandemic to weigh on the headlines US Nonfarm Payrolls, to 175K from 225K prior. Technical Analysis During the bears’ further dominance, which is quite expected unless prices firm above January low near 0.9612, 0.9400 and March 2018 low near 0.9340/35 will be the keys to watch. 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 EUR/USD hits 7-month high on coronavirus pandemic fears FX Street 3 years USD/CHF carries the broad US dollar weakness amid the rush to risk-safety. Coronavirus fears keep trade sentiment under pressure, bonds yields/equities nosedive. Risk catalysts, US NFP will be in the focus. Following its drop to the fresh low since late-March 2018, USD/CHF seesaws around 0.9440, down 0.22%, during the initial Friday. The extension of coronavirus (COVID-19) carnage joins increasing odds for the Fed to announce another rate cut. While identifying this, investors keep avoiding the risks while keeping safe havens like the Swiss franc on the platter. While emergencies in California and rising death toll elsewhere in the US kept… 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.