Swiss franc set for first monthly advance against the dollar this year ...Middle East

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Swiss franc set for first monthly advance against the dollar this year
source : forex live ( Middle East ) () 30
USD/CHF has seen gains in each of the opening four months this year. But in May trading, the pair looks set for its first monthly decline now. A chunk of that will owe to today's drop, after having seen a bounce off key support at 0.9000 earlier this month.The combination of a stronger dollar and a quick shift by the SNB to rate cuts in March has helped to precipitate the rise in USD/CHF this year. The Swiss central bank made their move as inflation pressures look to be coming well under control. However, there is still lingering uncertainty as evident with things in the US, Europe, and UK.So, the SNB must not be too complacent in their approach. If the franc also continues to weaken, that m

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