Hello everyone, today, December 7, we will have a brief look at the Swiss Franc
According to last week’s US dollar statistics and financial markets’ reaction to Powell’s speech, the Swiss franc strengthened against the US dollar and is now trading in the 0.94 range. In addition, China is ready to withdraw its three-year policy on Wednesday. to ease zero to deal with Covid, which in turn could create risk-taking sentiment and affect the US dollar. Beijing’s latest move could be linked to a drop in virus infections from a record high, as well as multiple announcements of further reopening of the virus-hit economy, the world’s second largest. From a technical point of view, the level of 0.945 is very important, and if the price crosses it, it can reach the range of 0.96. Otherwise, you can still witness the strengthening of the franc.
