Swiss Franc faces challenges as SNB’s soft approach boosts USD/CHF

USD/CHF drops close to 0.7800 as the US Dollar weakens amid a risk-on sentiment

The USD/CHF currency pair is recovering after a couple of days of decline, now trading around 0.8310 during the Asian session on Monday. It appears that the pair is benefitting from upward pressure as the Swiss Franc (CHF) faces challenges due to increased short positions. This situation arises from the belief that other central banks […]