USD/CHF moves upward for the third successive day, marking weekly highs around 0.8990 during the Asian session on Thursday. The US Dollar (USD) contin
USD/CHF extends gains on the back of surging US Bond yields Investors await the releases of US GDP and Core PCE figures, seeking the current state of the US economy. US Dollar gains ground on stronger US housing data and improved risk aversion. ues to gain value on the back of surging US Bond yields, which provides support to underpinning the USD/CHF pair.
The US Dollar rides high on the recent upswing in US Treasury yields, with aspirations to surpass the 5.0% mark. At present, the 10-year Treasury note is holding steady at 4.98%, contributing to the strengthened position of the USD. Swiss Franc could be in for a turbulent journey, given the ZEW Survey Expectations on Wednesday. There is a decline in Switzerland's business conditions and labor market, dropping from 27.6 to 37.8 in October.
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