- USD / CHF regained some strength on Monday, uA mixed dollar in the market limits progress.
- Traders attentive to the stock markets and the Treasury bond market, after NFP and before inflation data.
USD / CHF made fresh daily highs around 0-9155 during the European session, attempting to take advantage of momentum beyond the 200-day moving average.
Underlying bullish sentiment in financial markets undermined demand for the safe-haven Swiss franc and helped USD / CHF capture new offers on the first day of a new week. The passage of a trillion-dollar US infrastructure bill added to optimism about global economic growth and turned out to be a key factor boosting investor confidence.
The franc is among the weakest of the day, highlighting the advance of the EUR / CHF towards 1.0600, while at the same time the EUR / USD reaches daily highs and the USD / CHF remains around 0.9150.
The mixed dollar was not putting pressure on the USD / CHF and is only seen as limiting the rises. It will be key for him dollar what happens to the yields of Treasury bonds and equity markets. On Tuesday economic data will take center stage again with the US producer price index. On Wednesday it will be the turn of the retail index.
Technical levels
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