The Greenback traded well on the defensive on Thursday as investors continued to wait for further clarity on recent announcements by President Trump, particularly regarding tariffs.
Speaking in a CNBC interview on the sidelines of the World Economic Forum (WEF) annual meetings in Davos on Wednesday, European Central Bank (ECB) President Christine Lagarade said that “no US tariff is what I expected, a smart approach.” She added that “doesn't mean to say it won't happen, will be more selective.” .
The USD/CHF pair rebounds to around 0.9070, snapping the two-day losing streak during the early European trading hours on Wednesday.