FXstreet.com (CÃ³rdoba) - The Swiss Franc rose across the board on Thursday. USD/CHF fell during the American session posting the lowest price of the year at 1.0530. Greenback recovered later and tested 1.0600 but remains below that level and still under pressure.
According to James Hyerczyk of ForexHound.com: Although the USD CHF has traded inside of a tight range for months, it does seem poised to break out at anytime. Concerns over U.S. banking issues could be the driving force behind the strength in the Swiss Franc.
The Swiss rose across the board rising to a two-month high against the Pound. GBP/CHF fell to 1.7150. The pair has accumulated a decrease of almost 600 pips in the last seven sessions.