- USD / CHF is rising for the third day in a row on Tuesday.
- The US Dollar Index extends the rally past 91.00 ahead of the mid-level data.
- The major Wall Street indices appear to be opening sharply higher.
The pair USD/CHF it gained more than 60 pips on Monday and continues to rise ahead of Tuesday’s US session. At time of writing, the pair was up 0.15% on the day at 0.8982.
DXY sits above 91.00
The broad-based USD strength and positive risk market environment at the beginning of the week provided a boost to USD / CHF.
With major European stock indices posting strong gains for the second day in a row, the CHF is struggling to find demand as a safe haven. In addition, S&P 500 futures are up 0.8%, suggesting that risk flows will continue to control financial markets with major Wall Street indices opening decisively higher.
Meanwhile, the US Dollar Index (DXY), which gained 0.45% on Monday, is currently at its highest level since early December at 91.10, rising 0.15% ahead of ISM-NY trading conditions data. and the IBD / TIPP economic optimism index.
A more than 1% rise in the 10-year US Treasury yield is helping the dollar outperform its rivals in the absence of major fundamentals.