The Swiss Franc edges higher as risk aversion sets in, hitting global stocks.
The Swiss Franc is the go-to safe haven when investors become fearful.
USD/CHF has turned lower after touching a key resistance level on the weekly charts.
The Swiss Franc (CHF) edges higher against the US Dollar (USD) on Monday as it capitalises on its safe-haven status. Global equity markets, a key barometer of risk appetite, are falling on uncertainty over the economic outlook, news of another China property bailout and over-valuation concerns. Most European equities are down by over half a percentage point and US futures are also deep in the red ahead of Wall Street's open.
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