USD/CHF seesaws around nine-month low as US Dollar bears pause amid sluggish markets – by anilpanchal7 USDCHF RiskAppetite YieldCurve Macroeconomics Currencies
lar weakness, which in turn tracked downbeat US Treasury bond yields. However, the lack of major data/events and the year-end holiday mood seem to restrict the pair’s immediate moves. refreshed its weekly low to near 103.78 while justifying the first negative daily closing of the US 10-year Treasury yields in the last five days. In doing so, the benchmark bond coupon reversed from a six-week high marked on Wednesday.
US Initial Jobless Claims rose 225K versus 216K prior for the week ended on December 24 while the Continuing Jobless Claims increased by 1.71M from 1.669M previous readout during the week ended on December 16. However, the 4-week moving average for the same dropped to 221K versus the revised down previous readings of 221.25K.
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