USD/CHF hovers around 0.9100 with a positive sentiment

USD/CHF appreciates as the US Dollar recovers its daily losses amidimproved US Treasury yields. Softer US inflation and employment data havefueled speculation about potential rate cuts by the Fedin 2024. 10-year Swiss yield inched higher, indicating expectations of SNB maintaining current interest rates. The upside of the USD/CHF pair could be attributed to the improved US Dollar . It is worth noting that Swiss markets are closed due tothe Whit Monday bank holiday.

On the Swiss side, the yield on the 10-year Swiss government bond inched higher to around 0.7%. This increase in Swiss yield typically indicates the Swiss National Bank to maintain current interest rates, which could strengthen the CHF. SNB unexpectedly cut interest rates for the first time in nine years in March, reducing the key interest rate by 25 basis points to 1.50%, making it the first major central bank to ease its monetary policy.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

USD/CHF drops to near 0.9000 due to dovish sentiment surrounding the FedUSD/CHF continues its losing streak, hovering around 0.9000 during the European trading session on Thursday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/CHF advances toward 0.9100 due to lower Swiss Industrial ProductionUSD/CHF extends its gains for the second day, trading around 0.9080 during the early European hours on Friday.
Source: FXStreetNews - 🏆 14. / 72 Read more »