Forex: USD/CHF falls after Draghi's speech on single bank regulator (Barcelona) - Like in the EURUSD, the USD/CHF chart has been ranging since mid Asian session, but a sudden wave risk sentiment is taking over the market as of writing after ECB's Draghi speech.

The President of the European Central Bank, Mario Draghi, believes the single bank regulator will help revive bank lending with higher confidence. He made clear that monetary policy and bank supervision will stay separate. The USD/CHF fell 20 pips.

“I think today the pair may start a slight correction towards the level of 0.9210 and then continue falling down towards the above mentioned local target”, wrote Roboforex analyst Igor Sayadov, expecting a decline towards 0.9100 eventually.