USD/CHF rises back to 0.9400

FXStreet (Córdoba) - Greenback is about to end the week trading around 0.9400 against the Swiss franc, on its way to the strongest weekly close since July 2013. USD/CHF bottomed during the Asian session at 0.9340 and then moved with an upside bias the rest of the day.

During New York trading rose above 0.9400 but failed to rally on top of 0.9410 and pulled back. Price action activity in the currency market calm during the last hours and USD/CHF remained steady around 0.9400.

USD/CHF up despite SNB

The pair is rising for the fifth week in a row. On Thursday the Swiss franc strengthened after the Swiss National Bank left rates unchanged but the recovery was short lived. A strong US dollar across the board pushed USD/CHF back toward 2014 highs.