Forex
Dollar Soars Against Franc Amid Interest Rate Differential
The US dollar has seen a bullish trend against the Swiss franc, driven by the interest rate differential. This difference in rates is so wide that it makes the dollar's value higher than the franc's.
This market will remain positive over the long term due to this significant disparity in interest rates. The Swiss have set their interest rates at zero-bound, while the Americans may need to raise theirs.
The 0.82 level is a crucial support point for USD/CHF. This level was previously resistance but has now become a support area. Above it lies the 50-day EMA, which is near the 0.81 level.