USD/CHF slides towards 0.9250 as US Dollar traces softer yields amid sluggish markets – by anilpanchal7 USDCHF RiskAppetite YieldCurve China RussianFederation
Swiss ZEW Survey – Expectations improved in December to -42.8.Yields refreshed multi-day top on China, Russia concerns before easing amid a lackluster trading session.takes offers to refresh intraday low around 0.9267 as it cheers the US Dollar pullback amid inactive markets during the holiday season. In doing so, the Swiss currency pair fails to justify the previous day’s Doji candlestick amid firmer Swiss ZEW Survey numbers for December.
While the market’s consolidation and a lack of major data could be held responsible for the USD/CHF pair’s latest weakness, the Swiss Franc’s safe-haven appeal and recently firmer data seem to favor the bears amid receding hawkish bias over the Fed.
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