Header help text

Start trading with a free $30

There is no better time than now
Your first deposit is on us

Grab your $30 from XM

Top Stories
by ForexNewsNow Team on December 22nd, 2010

Dollar falls to two-month low against Swiss franc

Swiss flagNEW YORK (Forex News Now) – The dollar fell to a two-month low against the Swiss franc on Wednesday as investors worried about the ongoing euro debt zone crisis shifted their funds.

In early European currency market trading, the dollar traded at 0.9544 at around 8:30 A.M., GMT, a fall of 0.38% for the day.

The greenback fell to a session low of 0.9532 as the swissy also rose against all of its other major counterparts.

According to USD/CHF analysis, the dollar was likely to touch key support around the Oct. 15 low of 0.9485 and to encounter key resistance around yesterday’s high of 0.9652.

The currency pair was also being traded as investors awaited the release of quarterly US GDP figures later in the day.

Elsewhere, the swissy rose steadily against the euro: EUR/CHF traded at 1.2537, down 0.11% in intraday analysis.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))