USD/CHF trims loss and approaches 0.9300

The USD/CHF pair has remained biased higher on the long term. The US dollar has regained lost ground on Tuesday, following three successive days in the red area, after bouncing at 0.9225 lows and return to levels near 0.9300.

The safe-haven Swiss Franc has lost ground due to a moderate risk appetite with the world’s major stock markets showing a positive tone and a to some extent stronger U. S. dollar.

The U. S. dollar’s has rebounded from 0.9225 and reached 0.9280 area on the back of higher U. S. Treasury bond yields.

On the other hand, investors are still largely cautious, with all eyes on the release of September’s US employment data due next Friday.

The market is bracing for a strong increase in private payrolls to prompt the Federal Reserve to officially announce the end of the QE program during November’s meeting.