USD/CHF juggles around 0.9970 as investors await Fed minutes – by Sagar_Dua24 USDCHF Fed SNB Recession RiskAversion
USD/CHF is oscillating around 0.9970 as investors have shifted their focus toward the Fed minutes release.
Late night sell-off in the S&P500 after picking bids cleared that bulls are not ready to take off yet. This supported the US dollar index to recover the majority of its losses. At the time of writing, the DXY has rebounded firmly to near 113.30. Also, the 10-year US Treasury yields recovered sharply and are playing around the 4% figure.
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