FX : Dollar's recovery against Swissy capped at 1.0620, back to daily lows
FXstreet.com (Barcelona) – The Dollar's recovery against the Swiss Franc from 2009 lowest level at 1.0530, reached yesterday's American session, has been capped at 1.0620 today in the European morning, with the pair falling around 65 pips to trade at intra-day low levels at 1.0555.
Currently the pair is trading around 1.0560/70, posting 0.10% daily losses from opening price action.
George Clement, senior analyst at Swiss e Trade, comments: “Testing old lows against the Swiss franc, the dollar currently is priced at 1.0580 against the Swiss franc in early European trading. We expect the selling tone in the USD to fade in today’s trading, leading to a sideways market between current prices and 1.0650.”
