FXstreet.com (Córdoba) - Greenback rose a few minutes ago to 1.0300 reaching the highest price since November 3 against the Swiss Franc. USD/CHF was unable to break above the mention level and currently is pulling back and trades at 1.0280/85, 0.11% above today's opening price. The Dollar is rising for the fourth consecutive day accumulating an increase of more then 250 pips.
James Hyerczyk, analyst at ForexHound.com, comments: The USD CHF erased earlier losses on concerns about growing debt issues in the Euro Zone. Credit ratings have been cut for Greece and Spain this week. These actions are making Swiss Franc traders nervous because of the possible exposure to Euro Zone and Swiss banks.
Tomorrow the Swiss National Bank will announce its decision on rates and monetary policy.