Forex Trading : The US dollar continued to rise against the Swiss franc on Monday with the start of the second trading week of March after falling for the seventh day in a row on Friday and the pair is trading at 0.9825 levels at exactly 10:25 GMT.
The main factor for this rise is due to the strength gained by the US dollar from the positive labor market data, which surprised the markets last Friday and was assisted by the results of this Swiss Finance Minister last week's comments, which reiterated the SNB hints on the determination of exchange of the Swiss franc rate against the euro.
But despite this increase, we still classify the emerging movement for the pair within the corrections box after the famous daily landing, which took place on 15 January, the abolition of the roof of the franc against the euro.