• 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.