USD / CHF cuts losses and approaches 0.9300

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  • The US dollar rebound from 0.9225 reaches the 0.9280 area.
  • The dollar appreciates thanks to the rise in US Treasury yields.
  • USD / CHF Still Biased Higher Long Term – Credit Suisse.

The USD it recovered ground lost on Tuesday, after three consecutive days in the red, after bouncing off lows of 0.9225 and returning to levels close to 0.9300. The CHF Safe-haven has lost ground amid moderate risk appetite and a somewhat firmer US dollar.

US Dollar Driven By Rising US Yields

The dollar rallied against most of its major rivals on Tuesday, to regain ground lost amid rising U.S. Treasury yields and a subdued appetite for risk with the world’s major stock markets showing a positive tone.

Investors, however, remain largely cautious, with all eyes on the release of September US employment data to be released on Friday. The market is bracing for a sharp rise in private payrolls prompting the Federal Reserve to officially announce the end of the quantitative easing program at its November meeting.

In addition, macroeconomic data has shown that the US trade deficit expanded to its highest level on record, with a deficit of $ 73.3 billion, while on the positive side, service sector activity in The US improved in September, although a shortage of raw materials has pushed prices up, weighing on job growth.

Technical levels

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