- USD / CHF is rising for the second day in a row on Friday.
- The USD remains resilient against its rivals following Thursday’s gains.
- The yield of the US 10-year Treasury bonds modestly receded ahead of the US session.
After closing the first three days of the week in negative territory, USD / CHF saw a decisive rally on Thursday and gained nearly 50 pips. With the dollar holding out against its main rivals ahead of the weekend, USD / CHF is up 0.41% on the day at 92.96.
DXY index remains near the 92.00 level
Thursday, the Benchmark 10-year US Treasury yield rose to its highest level in more than a year at 1.75% and gained more than 4% on the day before entering a consolidation phase. However, the US Dollar DXY Index is holding on to small daily gains at 91.93 and helping USD / CHF stay bullish.
No macroeconomic data will be released on the US economic calendar on Friday and market participants will continue to watch returns closely.
Meanwhile, the 1% drop in the 10-year yield appears to be providing a boost to market sentiment, with S&P 500 futures up 0.25% at time of writing. If the major Wall Street indices manage to turn higher and start the last day of the week on a firm footing, the DXY could struggle to break above the 92.00 region and limit the USD / CHF rally and vice versa.
USD / CHF technical levels
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