- USD/CHF bears take a breather after snapping two-day winning streak.
- US 10-year Treasury bond yields refresh multi-day high despite mixed data.
- China-linked optimism underpins hawkish hopes from the Fed amid holiday season.
- Swiss ZEW Survey, US Pending Home Sales eyed for fresh impulse.
USD/CHF struggles for clear directions as it makes rounds to 0.9300 during early Wednesday, following the first daily negative closing in three. The Swiss Franc (CHF) pair’s latest weakness could be linked to the run-up in the US Treasury bond yields. However, the holiday season and the cautious optimism in the market seem to challenge the downside momentum.
US 10-year Treasury bond yields rose to the fresh high in six weeks the previous day, sidelined near 3.85% by the press time, as the positive mood surrounding China’s reopening helped renew hopes of faster Fed rate hikes.
The hawkish Fed concerns might have taken…
