USD/CHF testing daily lows

FXStreet (Córdoba) - USD/CHF reversed and turned to the downside, falling to test daily lows. Earlier the pair climbed to 0.9863, the highest levels since March 20, but failed to hold and pulled back, erasing gains.

The pair is trading slightly above the 0.9775 area, where daily lows lie, around the same level it closed on Friday with a weekly gain of 250 pips.

The Swiss franc strengthened across the board during the last hours and is the best performer among European currencies. EUR/CHF dropped from 1.0375 to 1.0345, hitting the lowest level since January 29, while GBP/CHF fell from 1.4400 to 1.4325.