- USD / CHF is trading sideways on Monday.
- The US Dollar Index remains below 92.00.
- The major Wall Street indices point to an open in positive territory.
After reaching the highest level since July at 0.9377 last week, USD / CHF made a deep correction and ended the week practically unchanged. Amid the lack of significant fundamental drivers, The pair is trading sideways on Monday around the 0.9300 area.
DXY starts the week quietly
On Friday, the strong rebound observed in US Treasury yields it helped the dollar gain strength against its main rivals. On Monday the yield on benchmark 10-year Treasuries reached its highest level in more than a year at 1,646%, but then reversed direction, returning to 1.60%. This caused the US Dollar Index (DXY) to rise but only modestly. It trades at 91.80, climbing 0.1%.
Later in the day, the Manufacturing Survey will be released. Empire State Federal Reserve Bank of New York, the only relevant data on Monday. This week will feature the Federal Reserve meeting, which will begin on Tuesday, the day the retail sales report will be published.
Meanwhile, US stock index futures are up 0.2% to 0.4% on Monday. A positive change in market sentiment reflected in more raises could make it difficult for the USD to find demand, limiting the rise in USD / CHF.
Technical levels
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