Forex Trading : Swiss franc continued to decline against the US dollar on Friday, its lowest level in seven weeks after he fell for a sixth day in a row yesterday. Friday, the US dollar is trading against the Swiss franc at 0.9765 levels at exactly 9:45 pm GMT.
The main factor for the decline is due to excessive force shown by the US dollar and helped the Swiss Finance Minister's comments and reiterated that the SNB hints on the determination of the exchange rate of the Swiss franc against the euro.
And released today by the Swiss economy, the consumer price index for the month of February, which was the result of disappointing expectations by (-0.3%) compared to (-0.4%) in the previous reading, which gave the new positive momentum for a couple of the US dollar against the Swiss franc.
It is expected that the pair begin to show some kind of technical correction due to the case of strong overbought on the daily charts.