USD/CHF renews its intraday high around 0.8855 while reversing the week-start losses amid early Tuesday morning in Europe. In doing so, the Swiss Fran
c pair takes clues from the US Dollar recovery, as well as the previous day’s downside Swiss Gross Domestic Product for the second quarter of 2023. prints mild gains around 104.25, after pausing a two-day uptrend the previous day, as it traces the firmer US Treasury bond yields ahead of the key US data. That said, the US 10-year Treasury bond yields rise three basis points to 4.21% after a holiday-driven inaction.
Elsewhere, Federal Reserve Bank of Cleveland President Loretta J. Mester defended the US central bank’s hawkish move and ruled out the rate cut bias in her speech on Friday. That said, the market’s bets on the Federal Reserve’s status quo in September contrasts with a recent improvement in the odds favoring a rate hike during late 2023.
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USD/CHF remains below 0.8850 despite downbeat Swiss GDP amid US-China tensionUSD/CHF snaps the two-day winning streak, trading lower around 0.8830 during the early trading hours in the European session on Monday. The Swiss Fran
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USD/CHF consolidates gains at the 0.8845 area, bulls need a catalystThe USD/CHF has traded sideways since early August in the 0.8700 - 0.88450 range, with bulls failing to gather momentum and seeming to await fresh cat
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USD/CHF remains sideways near 0.8850 ahead of US Factory OrdersThe USD/CHF pair remains sideways in a narrow trading band between 0.8700 - 0.88450 region during the early Asian session on Tuesday. Meanwhile, the U
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USD/CHF Price Analysis: Retreats to 0.8850 within a month long bullish channel as Swiss GDP loomsUSD/CHF bulls take a breather ahead of the key Swiss Q2 GDP heading into Monday’s European session. In doing so, the Swiss Franc (CHF) pair prints the
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