USD/CHF slumped to its lowest level in more than five years at 0.9010.
Sharp upsurge witnessed in EUR/CHF confirms broad CHF weakness.
Investors wait for FOMC to publish July Meeting Minutes.
The USD/CHF dropped to its lowest level since early 2015 at 0.9010 on Tuesday and spent the first half of the day moving sideways near that level on Wednesday. However, the pair staged a decisive recovery ahead of the American session and rose all the way up to 0.9083. As of writing, USD/CHF was up 0.45% on a daily basis at 0.9078