The USD/CHF bottomed at 0.9317 during the American session, the lowest level since February 2018. Afterwards, the US dollar managed to stabilize and the pair rebounded, rising toward 0.9400. Near the end of the week, it is hovering around 0.9380 about to post a weekly decline of almost 300 pips.
Better-than-expected US data failed to offer support to the greenback that dropped versus majors once again on Friday. The DXY reached the lowest level in a year at 95.73, before bouncing back to 96.00.