Categories
Analysis Market overview

USDCHF overview 06.05.2021

USDCHF falls on safe-haven inflows.

USDCHF under the bearish pressure today –as the result of the widespread safe-haven flight to safety into the Swiss franc after France sent two maritime patrol boats to the waters near island of Jersey today – after Britain deployed two of its naval vessels in an escalating row over post-Brexit fishing rights. The European Commission called for calm over the dispute. A French minister threatened to cut off electricity supplies to Jersey if the fishing restrictions were not lifted, prompting Britain’s government to express its “unwavering support” for Jersey and send the two of its own naval vessels. The other factor adding to the Swiss franc inflows is the latest report that India cases are continuing to accelerate – this time by spreading into the rural areas.

Except sellers on upward corrections.

Next support to watch – 0.9060

Amega flat vertical colour logo with text

Trade with an award-winning STP broker! Lowest spreads on the market for Forex, Precious Metals, Energies, & Crypto. No re-quotes, no rejection of orders & instant withdrawals.