USD/CHF stabilizes above 0.8900

FXStreet (Córdoba) - The USD/CHF peaked on Friday at 0.8952 hitting the strongest level since February 13 following the release of the employment report in the US. Afterwards pulled back erasing most of the gains and near the end of the day is trading at 0.8918, up 0.11% on the day, headed toward the third daily gain in a row.

Three weeks in a row

The US dollar continues to recover against the Swiss Franc after falling on March to multi-year lows at 0.8698. The USD/CHF is going to post third consecutive weekly gain, rising more than 200 pips.

The main trend on a wider view still points to the downside but the US dollar has been stronger in the last weeks.