The USD/CHF currency pair is gaining momentum, approaching the 0.7990 mark during the early European session on Thursday. This strengthening of the US Dollar (USD) against the Swiss Franc (CHF) follows the conclusion of a historic US government shutdown, prompted by President Donald Trump's signing of a funding bill. The market is responding positively, reflecting a renewed confidence in the USD.
The exchange rate movement highlights a bearish outlook for the CHF as traders digest the implications of the recent developments in US fiscal policy. As the USD inches closer to the key psychological level of 0.8000, market sentiment remains focused on potential further gains. Ongoing trading dynamics may continue to favor the USD, particularly if economic data releases support the Dollar's trajectory.
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Data Source: FX Killer Analysis Team Updated: 2025-11-13 07:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.