USD/CHF Price Forecast: Extends losing streak for third trading day

  • The USD/CHF pair slides to near 0.8240 during the European trading session, extending the losing streak for the third trading day on Wednesday. The Swiss Franc pair weakens as the US Dollar declines further in the wake of the United States (US) credit rating erosion after Moody's downgraded the long-term issuer rating by one notch to Aa1 from Aaa.