USD/CHF 2021 outlook: Is a bullish reversal in play?

The USD/CHF pair dropped by more than 8.60% in 2020 as the world dealt with the first global pandemic in decades. It reached a low of 0.8800, which was its lowest level since January 2015. Dollar weakness The USD/CHF price dropped mostly due to the overall weaker US dollar as the overall risk-off sentiment dominated the market. In total, the dollar index dropped by more than 8% in 2020, making it its worst year in more than a decade. In fact, the dollar dropped against all major and minor currencies, including the euro, sterling, South African rand, and the Norwegian