27.05.2020 USD/CHF Daily Analysis

27.05.2020 USD/CHF Daily Analysis

USD/CHF 0.9698 ,+0.0044 , +0.46% Today the currency pair USD/CHF is trading on 0.9698. The U.S. dollar regained its losses in today's  European trade as the tensions between the U.S and China keep on mounting. Traders are now going for the U.S dollar as it is now the safe haven for them and more tensions between these two countries will slow down the dollar declines and actually lead to more buying of the USD. China is not stopping in enacting the new security law for Hong Kong as today there was a second reading in the city’s Legislative Council. This prompt U.S President Donald Trump to promise that by the end of this week they will be a reaction to this law and China even retaliated by threatening countermeasures if the U.S will take any action.