USD/CHF recovers the intraday losses on surging US Treasury yields, trading higher around 0.9000 during the early European session on Thursday. Howeve
USD/CHF receives upward support despite stronger Switzerland’s Trade Balance data. Swiss balance of trade increased from 3,814M to 6,316M in September. Higher US bond yields contribute support to underpinning the US Dollar. r, the pair faced a challenge on solid Swiss Trade Balance data released on Thursday.
18%, by the press time. However, dovish remarks from multiple Federal Reserve officials suggest a cautious stance, with reluctance to tighten monetary policy in the current economic scenario. The US housing market is providing mixed signals, with Building Permits in September surpassing expectations at 1.475 million . Housing Starts rebounded to 1.35 million, just below the market consensus of 1.38 million, adding complexity to the narrative.
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