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Forex pairs in this Article » USD/CHF (Córdoba) - Given its inverse correlation with the EUR/USD, the USD/CHF jumped to fresh highs during the American session after Bloomberg published the ECB would consider a -0.1% deposit rate if more easing is needed.

USD/CHF rallies as EUR/USD slumps

Presently deposit rate is 0.0% but the ECB could go further and turn it negative if needed. Many ECB members signaled this week that the bank has plenty of options although Weidmann stated Wednesday it is not sensible to talk about further easing after Nov rate cut.

As for the USD/CHF, the pair rallied to a high of 0.9152 before losing momentum a few pips ahead of the 10-day SMA. At time of writing, the dollar-franc is trading at 0.9140, 0.8% above its opening price.
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