The USD/CHF pair finds some support near the 0.9120 region during the Asian session on Friday and for now, seems to have stalled this week's correctiv
USD/CHF ticks higher during the Asian session on Friday and snaps a two-day losing streak. The Fed’s hawkish outlook, elevated US bond yields underpin the USD and act as a tailwind. Investors keenly await the US NFP report before positioning for a firm near-term direction. e pullback from its highest level since March 22. Spot prices, however, remain confined in a familiar range held over the past two weeks or so, awaiting a fresh catalyst before the next leg of directional move.
Moreover, the US macro data remains consistent with expectations of solid growth in the third quarter and supports prospects for further policy tightening by the Fed. This remains supportive of elevated US Treasury bond yields, underpinning the USD and lending support to the USD/CHF pair.
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