The Swiss franc's appeal as a funding currency is on the rise due to subdued market volatility.
This shift in demand has an immediate impact on cross-currency trading, particularly in USD/CHF.
The US dollar versus the Swiss franc pair currently trades at Fr.0.7999, down 1.54% for the day.
Despite being below key short and medium-term moving averages, USD/CHF remains above long-term support.
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