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4 Dec 2014
USD/CHF drops sharply amid Draghi
FXStreet (Córdoba) - USD/CHF rose to 0.9795 hitting a fresh 2014 high but then reversed sharply losing more than a hundred pips in a few minutes, as the European Central Bank kept the door open to additional measures but made no decision.
The pair bottomed at 0.9688, reaching the lowest level since Tuesday. Currently trades at 0.9700, down 0.75% for the day, having the worst performance since mid October.
The euro rallied across the board after Draghi’s statement but the Swissy rose even more. EUR/CHF hit a fresh daily low at 1.2025 while GBP/CHF plummeted from 1.5315 to 1.5215.
The pair bottomed at 0.9688, reaching the lowest level since Tuesday. Currently trades at 0.9700, down 0.75% for the day, having the worst performance since mid October.
The euro rallied across the board after Draghi’s statement but the Swissy rose even more. EUR/CHF hit a fresh daily low at 1.2025 while GBP/CHF plummeted from 1.5315 to 1.5215.