13.03.2020 USD/CHF Daily Analysis

13.03.2020 USD/CHF Daily Analysis

The USD strengthened against the CHF on Thursday. The pair rose over 0.67 %  in the session. At the time of writing, the USD/CHF pair was trading at 0.9480 CHF/$1. The rise in the value of the dollar was partly because the US federal reserve promised a $1.5 trillion loan to banks. Though the US bureau of labor statistics measured a lower than expected PPI, it did not impact the value of the dollar. There are uncertainties in the European stock markets, resulting in European equity indexes’ decline. This has affected European currencies and the CHF was not left out. The Swiss National Bank is to release new interest rates on the 19th of March and investors are looking forward to this event.