USD/CHF 0.9704 -0.0006 ,-0.06%
The U.S dollar lost its gains today after Moderna which is a drugmaker in the U.S. announced that from the clinical tests that were done on their vaccine for Covid 19 had positive results. This gave hope to the investors that a vaccine for Covid will soon be found and this led to investors dumping the US as the safe haven going for other currencies. Today the Federal Reserve chairman Jerome Powell is going to give an update to the government officials before the Senate Banking Committee, alongside Treasury Secretary Steven Mnuchinon the economic stimulus that has been approved so far.