USD/CHF snap two-day winning streak as US Dollar traces sluggish yields ahead of key data – by anilpanchal7 USDCHF RiskAppetite ForeignTrade PMI GDP
nked to the market’s consolidation amid a cautious mood ahead of the key data/events from Switzerland and the US. Also keeping the sellers hopeful could be the broad US Dollar weakness amid cautious optimism and sluggish performance.
On Monday, softer prints of the US Conference Board’s Leading Index for December joined the lines of previous downbeat data from the US and signaled to ease inflation fears in the world’s largest economy, which in turn suggests less need for the Amid these plays, the S&P 500 Futures resist following Wall Street’s gains while retreating from the six-week high marked the previous day, making rounds to 4,030-35 at the latest. On the same line, the US 10-year and two-year Treasury bond yields snap three-day recovery moves by struggling around 3.51% and 4.21% by the press time.
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