The US dollar that advanced to a 1-week high of 0.9730 against the Swiss franc in early European trading on Tuesday pared gains in the succeeding trading hours. The greenback reached as low as 0.9608 against the franc before leveling off around 8:20 am ET.
The dollar-Swiss franc pair is presently worth 0.9610 with 0.9590 seen as the next likely support in near-term and 0.9550 seen as the longer-term support line and a move below this level could set its lowest level in record.
For comments and feedback: editorial@rttnews.com