The US dollar recovers some of Thursday’s losses against the Swiss franc. The pair climbs above the 100, and the 50-day moving averages (DMAs) trading at 0.9227 during the New York session. Financial markets risk-aversion favors the US dollar safe-haven status, to the detriment of the Swiss franc.
In the bond market, US T-bond yields extend their losses, with the 10-year Treasury yield falling four basis points, sitting at 1.382%. However, the US dollar has offset the downfall, with the US Dollar Index, which tracks the buck’s performance against a basket of six rivals, advances 0.35%, up to 96.39, near December 16 daily tops.
From the technical perspective, the USD/CHF pair has an upward bias. In fact, in the overnight session, the USD/CHF dipped as low as the 200-DMA at 0.9174, then rebounded near the December 16 tops around 0.9232.
Tags inflation safe haven tresury yields USD/CHF
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