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On Thursday, The USD/CHF pair revisits multi-day low, last seen in March, amid broader US dollar’s decline. The positive market sentiment, in addition to the Treasury bond yields, in he red territory, have together impacted the American currency.
The pair is trading at the time of writing versus the previous closing at, in addition, its previous weakness could be linked to the dollar’s weakness, which in turn followed on the footsteps of the negative performance of the US Treasury yields.
The prevalent year-end holiday mood coupled with the lack of key events do restrict the pair’s immediate moves. On Thursday, the Dollar Index touched its 103.78’s weekly low while justifying the first negative daily closing of the US 10-year Treasury yields in the last five days.
In doing so, the benchmark bond coupon reversed from a six-week high marked on Wednesday. The downbeat US bond yields also allowed Wall Street to hold positive performance and exert more downside pressure on the USD/CHF pair.
