Dec 22, 2020 18:57 GMTFXStreet News
USD/CHF has been on the front foot in recent trade and is eye a test of the psychological 0.8900 level.
USD has found decent demand on Tuesday, amid a defensive/cautious feel to broader trade.
USD/CHF currently trades higher by about 30 pips or just over 0.4% in the 0.8890s, with sellers having come into play ahead of the 0.8900 level and capping the gains. USD is the best performing G10 currency on the day so far this Tuesday amid a more defensive feel to trade, hence the gains being seen in USD/CHF. Safe-haven CHF and JPY have been holding up comparatively well vs the likes of EUR, GBP and other more risk-sensitive currencies, however.