USD/CHF posts highest daily close in 9 months

By FXstreet.com | August 26, 2014 AAA

FXStreet (Córdoba) - The USD/CHF rallied during the American session and climbed to 0.9179 hitting a fresh 9-month high; afterwards pulled back slightly but finished hovering around 0.9170/75, posting the highest daily close since November.



Near the end of Tuesday’s Asian session the USD/CHF dropped to 0.9135 (August 26 low), closing the bullish gap. At that level, the pair rebounded and climbed initially to 0.9165 and then broke above climbing to the new YTD highs.



The Swiss Franc finished mostly lower across the board on Tuesday, falling even against the Euro. The EUR/CHF rose modestly from 1.2070 to 1.2090.



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