Swiss franc among worst performers amid higher treasury yields. The USD\/CHF pair has broken key range and extends rally. EUR\/CHF is currently at the highest level in 11 days; holding onto daily gains. The pair peaked during the Asian session at 0.9707 and then pulled back, finding support at 0.9655\/60.
The bias in USD\/CHF is bullish in the short-term but while it remains unable to hold above 0.9700, the upside seems limited. A slide under 0.9600 could change the bias to bearish.
The US dollar weakened during the American session and kept USD\/CHF below 0.9700. The DXY is flat on Monday, hovering around 108.80, after hitting a multi-decade high at 109.47.
Comments from European Central Bank policymakers during the weekend pushed European yields to the upside and weighed on the Swiss franc. The German 10-year yield is at 1.50%, about to post the highest close since late June.
The EUR\/CHF is up for the second day in a row and peaked at 0.9696, the highest since August 18. It is back above the 20-day Simple Moving Average. A key resistance area is located around 0.9700 and a break higher could trigger more gains.<\/p>\n","protected":false},"excerpt":{"rendered":"
Swiss franc among worst performers amid higher treasury yields. The USD\/CHF pair has broken key range and extends rally. EUR\/CHF is currently at the highest level in 11 days; holding onto daily gains. The pair peaked during the Asian session at 0.9707 and then pulled back, finding support at 0.9655\/60.The bias in USD\/CHF is bullish …<\/p>\n","protected":false},"author":13,"featured_media":36454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7604,6923,6984,7078],"class_list":["post-71061","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-dollar-index","tag-ecb","tag-treasury-yields","tag-usd-chf"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=71061"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71061\/revisions"}],"predecessor-version":[{"id":71068,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71061\/revisions\/71068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/36454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}