USD/CHF Undecided

USD/CHF continues its range bound trading in the early opening hours today. The pair went close to a parity last week when the flash crash took place and then climbed up again to reach a high of 1.0335 in yesterday's session. The move is still not over as the stronger US dollar once again is flexing muscles.

Partially, the stronger dollar is the effect of Trump's tweet yesterday that US manufacturers should contain their production within the borders of the United States or face high taxes. That caused Ford to cancel a $1.6B deal to manufacture in Mexico.

This move by Donald Trump was seen as a decisive and bold presidential act that got a lot of media attention. As it seems, Trump is already taking control over the economy a couple of weeks before he is officialy sworn as the President of the United States.

With this kind of determined and goal oriented measures, the President elect has a great chance to boost the US dollar into record breaking levels.

Chart: USD/CHF D1