USD/CHF 0.9718 ,+0.0026 , +0.27%
The U.S. dollar is back in demand today as investors sought safe havens after The Bank of France announced their estimations Today that the country’s economy contracted 6% in the first quarter due to the lockdown measures that were put in place to curb the coronavirus outbreak and this is regarded as a bad turn for the currency and the CHF keeps on losing its value. This contraction is the biggest contraction on a quarterly basis since World War II.