USD/CHF Bounces from One-Week Low as Dollar Demand Returns

The USD/CHF pair regained upward momentum on Thursday, bouncing from a one-week low. The move halted a pullback that had extended from a more than one-year high just above the 0.8200 level.

Earlier, the Swiss franc had strengthened to a one-week top against the dollar, eroding part of Wednesday’s gains. However, reviving demand for the greenback supported a reversal in the pair during the session.