USD/CHF ticks down to near 0.8045 on hopes of US-Swiss trade deal

The post USD/CHF ticks down to near 0.8045 on hopes of US-Swiss trade deal appeared on BitcoinEthereumNews.com.

The USD/CHF pair edges lower to near 0.8045 during the late Asian trading session on Tuesday. The Swiss Franc pair faces slight selling pressure as the Swiss Franc (CHF) outperforms its peers on hopes that the United States (US) and Switzerland will reach a trade deal soon. Swiss Franc Price Today The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today. Swiss Franc was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.01% 0.09% 0.11% 0.13% 0.27% 0.18% -0.08% EUR 0.00% 0.09% 0.09% 0.14% 0.28% 0.20% -0.07% GBP -0.09% -0.09% 0.00% 0.05% 0.16% 0.10% -0.16% JPY -0.11% -0.09% 0.00% 0.03% 0.17% 0.07% -0.18% CAD -0.13% -0.14% -0.05% -0.03% 0.14% 0.04% -0.21% AUD -0.27% -0.28% -0.16% -0.17% -0.14% -0.09% -0.38% NZD -0.18% -0.20% -0.10% -0.07% -0.04% 0.09% -0.26% CHF 0.08% 0.07% 0.16% 0.18% 0.21% 0.38% 0.26% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Swiss Franc from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CHF (base)/USD (quote). A Bloomberg report showed that the US and the Swiss economy could announce a trade deal in two weeks, in which Washington is expected to reduce tariffs on imports from Switzerland to 15%. Currently, the US is charging 39% tariffs on imports from the Swiss economy. Lower import duty on Swiss products would improve their competitiveness in the global market. In the meantime, the US Dollar (USD) trades calmly as the US Senate has passed the government funding bill to the Republican-controlled House of Representatives, where it…