Forex: USD/CHF bounces back above 1.0450

 @ibtimes
on December 21 2009 11:46 AM

FXstreet.com (Barcelona) - The USD/CHF has climbed almost 80 pips after bouncing at a low of 1.0392 and at the time of writing is testing the 1.0460 mark.

The franc opened the European session with a spectacular 72-pip jump versus the dollar to hit a daily high of 1.0481, but then went on to lose most of the ground earned before its current comeback.

The pair is presently trading around 1.0450, 0.55% above its opening price of 1.0393.

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