USD/CHF is falling for second straight day on Thursday. Markets turn risk-averse with major European equity indexes trading in red. US Dollar Index slumps to 93.00 area ahead of weekly Jobless Claims data. After rising above 0.9200 for the first time in more than a week on Wednesday, the USD/CHF pair turned south and snapped its four-day losing streak. With the risk-averse market environment helping the CHF preserve its strength as a safe-haven, the pair extended its slide and was last seen losing 0.2% on the day at 0.9102. USD on the back foot ahead of American session Despite heightened optimism for an effective coronavirus treatment, investors seem to have turned cautious ahead of Friday’s key data releases from the euro area. At the moment, major European equity indexes are down between 0.15% and 1.1%. Investors expect the Eurostat to announce that the euro area economy contracted by 15% on a yearly basis in the second quarter. On the other hand, the greenback is struggling to stage a rebound on Thursday, allowing the bearish pressure on USD/CHF to remain intact. Ahead of the US Department of Labor’s weekly Initial Jobless Claims data, the US Dollar Index is down 0.4% on a daily basis at 93.05. Meanwhile, S&P 500 futures are trading in the negative territory. Although it looks unlikely at this point, the USD could capitalize on a heavy selloff in US stock markets and provide a boost to USD/CHF. 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 GBP/JPY Price Analysis: Reclaims 140.00 mark, highest since late February FX Street 2 years USD/CHF is falling for second straight day on Thursday. Markets turn risk-averse with major European equity indexes trading in red. US Dollar Index slumps to 93.00 area ahead of weekly Jobless Claims data. After rising above 0.9200 for the first time in more than a week on Wednesday, the USD/CHF pair turned south and snapped its four-day losing streak. With the risk-averse market environment helping the CHF preserve its strength as a safe-haven, the pair extended its slide and was last seen losing 0.2% on the day at 0.9102. USD on the back foot ahead of American session Despite heightened… 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.
