USD/CHF soars above the 200-day SMA after amid CHF weakness

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• The USD/CHF rose to a two-week high around 0.9035 near the 20-day SMA.
• The CHF is one the worst-performing currencies in the session.
• The US Dollar is trading soft after PCE figures from September.
• Hawkish bets on the Fed remain low ahead of next week’s meeting.

At the end of the week, the USD/CHF rose for a fourth consecutive day, near 0.9035, piercing through the 200-day Simple Moving Average (SMA) but then getting rejected by the 20-day average. The pair’s trajectory seems to be the CHF’s weakness, which trades with losses against the USD, EUR,GBP and JPY in Friday’s sessions and was one of the weakest currencies in the session.