Forex: USD/CHF drops below 1.0700

Fxstreet.com (Barcelona) – Dollar is collapsing across the board and the USD/CHF is not an exception, The pair is falling an strong pace in the American session, dropping more than 160 pips from 1.0860 to trade below 1.0700 level and post 1.0685 as fresh intra-day low.

Currently the pair is trading around 1.0685/95, 1.75% below today's opening price. USD/CHF is closing the week with 0.40% weekly losses from Monday opening price at 1.0697 and after losing all of previous gains. This is the four negative in row.