USD/CHF fell a bit on Thursday as traders sold off the USD in Asia and Europe. However, during the US session we saw USD strength, and this gave the pair a little bit of a lift. The CHF is no longer a safe haven currency, so when times are troubling, this pair will wise. The SNB is willing to intervene if the Franc appreciates too quickly, so selling isn’t an option. We like buying this pair on dips at this point.
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