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USD/CHF under heavy pressure, 0.98 in sight
A fresh wave of global risk-aversion hit the markets as the NA session went underway. The greenback – in terms of the US Dollar Index – remained under pressure in the early trading hours of the session and hit the daily low at 99.70, while the USD/CHF fell to 0.9820, the lowest since the first week of November. President Trump's failed attempt to dismantle Obamacare on Friday took a toll on stock markets with most major European indices losing close to 1% on the day. Investors are worried that Trump will struggle to fulfill his promises on more relevant subjects such as the tax reform or the increased spending on ... (full story)