USD/CHF consolidates daily losses around 0.9680

  • US adds Switzerland into its list of currency manipulators.
  • EUR/CHF slumps to its lowest level since April 2017.
  • US Dollar Index stays in positive territory near 97.50 ahead of CPI data.

Following the United States Department of the Treasury's decision to include Switzerland in its list of currency manipulators on Tuesday, the CHF gathered strength against its major rivals as investors saw this as a development that could force the Swiss National Bank to refrain from intervening in the FX markets. 

The EUR/CHF fell sharply and touched its lowest level in more than 30 months at 1.0759 and the USD/CHF slumped below the 0.9700 mark. As of writing, the pair was trading at 0.9683, erasing 0.25% on the day after finding support near 0.9670.

USD strength keeps pair's losses limited

On the other hand, the US Dollar Index is posting modest daily gains near 97.50 to help the pair pull away from its daily lows. In the early trading hours of the American session, the Consumer Price Index (CPI) data from the US will be looked upon for fresh impetus.

Markets expect the core CPI, which excludes volatile food and energy prices, to remain steady at 2.3% on a yearly basis in December.

Technical levels to watch for


Today last price 0.9687
Today Daily Change -0.0020
Today Daily Change % -0.21
Today daily open 0.9707
Daily SMA20 0.9748
Daily SMA50 0.9846
Daily SMA100 0.9879
Daily SMA200 0.9915
Previous Daily High 0.9738
Previous Daily Low 0.9694
Previous Weekly High 0.9763
Previous Weekly Low 0.9665
Previous Monthly High 1.0009
Previous Monthly Low 0.9646
Daily Fibonacci 38.2% 0.9711
Daily Fibonacci 61.8% 0.9721
Daily Pivot Point S1 0.9688
Daily Pivot Point S2 0.9669
Daily Pivot Point S3 0.9644
Daily Pivot Point R1 0.9732
Daily Pivot Point R2 0.9757
Daily Pivot Point R3 0.9776



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

Gold prices collapse to $1,910 as huge profit-taking kicks-in

Positioning squeeze has taken place as the bulls feeling the heat bail out in droves, triggering stop losses to the bottom of the abyss. Real rates have been on the incline since last week's Nonfarm Payrolls report which beat expectations.

Gold News

AUD/USD: Consolidates losses around one-week low beyond 0.7100

AUD/USD keeps pullback from 0.7134, bulls await clear direction to extend the three-day losing streak. Risk-tone recently dwindled amid US stimulus chatter, gold’s crash supersedes everything.


WTI buyers aim to regain $42.00 despite downbeat API data

WTI keeps the bounce off $41.70 following initial downtick amid weaker than prior inventory levels. US-China tussle, uncertainty over American stimulus weigh on the commodities with rising US dollar exerting additional downside pressure.

Oil News

USD/JPY climbs to 18-day highs near 106.50 on surging US T-bond yields

Despite the broad-based USD weakness during the first half of the day, the USD/JPY pair stayed relatively quiet near 106.00 as the JPY struggled to find demand as a safe-haven. 


Price Prediction Bitcoin, Ethereum, Ripple: Euphoria warns of danger

From the crypto ecosystem, the current moment invites us to look for opportunities to balance the portfolio towards Bitcoin, which after giving up market dominance against Ethereum, shows technical patterns that are favorable to a recovery in the short term.

Read more