The USD/CHF pair gathers strength to near 0.9170 during the early European session on Monday, bolstered by the firmer US Dollar (USD).
USD/CHF traes in positive territory for the fifth consecutive day round 0.9170 in Monday’s early European session. The stronger US December employment report supports the USD. Trump policy risks and safe-haven flows could boost the CHF. The USD/CHF pair gathers strength to near 0.9170 during the early European session on Monday, bolstered by the firmer US Dollar . The upbeat US employment report supported the Federal Reserve's cautious stance, creating a tailwind for the pair.
Why is the Swiss Franc considered a safe-haven currency? The Swiss Franc is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country’s currency a good choice for investors fleeing from risks.
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