The Swiss franc is still stronger than the US dollar

The Swiss franc continues to strengthen against the US dollar in the trading sessions. At first, investors believed that the pair would finally bounce off its support once it reached that point. Unfortunately for the US dollar, the Swiss franc is still stronger than the US dollar. Prices are now projected to crash lower towards their support levels by the middle half of September. Most experts believe that the once-mighty greenback is projected to remain weak in the foreseeable future thanks to geopolitical tensions, the virus, political rifts, and other factors. Last week, the greenback plummeted against most major currencies thanks to the recent news that the United States Federal Reserve wants to boost inflation in the country, a move that could further strain the power of the US dollar in the trading sessions. Fed Chair Jerome Powell reiterated that the new inflation strategy would be “flexible” and that the bank is looking to reach its target of “overtime”.