The CHF as well as the JPY are generally considered as safe havens in the FX space. They appreciate in times of risk-off sentiment and depreciate when the mood is positive.
Trump yesterday surprised with worse than expected reciprocal tariffs that triggered a wave of risk-off flows on expectations of a global slowdown.
On the 4 hour chart below, we can see that Trump's announcement was the catalyst that triggered the move and once the pair broke out of the month-long range, the sellers piled in more aggressively.
This is a sellers' market, so there's no need to catch a falling knife, especially without any positive catalyst. It's hard to find something positive for the pair though. Some hawkish comments from the Fed or much better than expected US data might provide a pullback, but that will likely be an opportunity to sell again at better prices.
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about usdchf breaks out of the range and collapses amid risk off flows was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( USDCHF breaks out of the range and collapses amid risk-off flows )
Also on site :
- Aura AI Assistant for Unreal Engine Launches: VR Studio Ships Game in Half the Time with New Agent Capabilities
- Man accused of placing pipe bombs near GOP and Democratic headquarters in Washington to remain in jail pending trial
- FDA Clears BrainSpace Intellidrop, an automated neuro device that addresses ICU nursing shortages and builds training data for Physical AI