The USD/CHF pair continues to climb, reaching 0.8870 as the USD strengthens and market sentiment remains cautious. This rally is driven by the robust performance of the USD against the Swiss franc. Investors are showing a preference for the USD due to its perceived strength in the current economic climate.
The cautious market sentiment is also contributing to the rally of the USD/CHF pair. Uncertainty surrounding global events, such as the ongoing trade tensions between the US and China, is causing investors to seek safe-haven currencies like the USD.
Overall, the USD/CHF pair is extending its rally, hitting 0.8870. The current market conditions are favorable for the USD, and investors are closely monitoring any developments that could impact the pair’s movement in the near future.