USD / CHF maintains daily earnings and is approaching the highs of the day

The Swiss Franc is losing ground against the dollar on Wednesday after recording on Tuesday one of the largest hikes since 2009. The USD / CHF is relatively stable, moving with volatility levels below those seen in previous days.

In the European morning climbed to 0.7325, but was not sustained and fell back to find support at 0.7180 area. From there the pair has been rising slowly and is currently trading at around 0.7300, consolidating and gain 240 pips away from historic lows.

Earlier, the Swiss central bank announced further measures to inject liquidity in Swiss francs in order to slow the appreciation of the currency.

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