USD/CHF has opened lower for the 2nd Monday in a row as US debt talks now take centre stage. The lack of any firm agreement on raising the debt ceiling is undermining the greenback as well as increasing risk-aversion, a perfect storm for USD/CHF.
USD/CHF closed at .8180 on Friday and has traded a range between .8100/25 so far this morning in early interbank trade. EUR/CHF is down at 1.1680, USD/JPY is at 78.25 and EUR/USD at 1.4380.
Good luck today.
