USD/CHF extends its losing streak for the fifth successive day, trading lower around 0.9070 during the Asian session on Tuesday. However, the pair reb
USD/CHF rebounds from the three-week low as the US Dollar attempts to snap the losing streak. Swiss Franc receives buying support due to its safe-haven status amid the Middle-East conflict. The probability of policy rate hikes fades due to the dovish remarks made by Fed officials. oundsfrom the three-week low as the US Dollar attemptsto halt the losing streak.
Consequently, this development is perceived as eroding the strength of the Greenback. Dallas Fed president Lori Logan suggested that there might be less necessity to raise the Fed funds rate, and Fed Vice Chair Philip Jefferson acknowledged the importance of the central bank proceeding cautiously with any additional increases in the policy rate.
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