11 days ago • Posted by Paul de La Baume
Dollar rebounds versus #Swiss franc. #forex #trading #USD
The dollar showed signs of strength versus the Swiss franc after briefly touching its technical support level at around 0.9500. The retreat in US Treasury yields and recent dollar weakness has helped the franc to gain strength, but the quick gains may be limited in the near future as the 2-year Treasury yield remains above 3% after Fed officials made comments indicating the US central bank still has to raise rates much further before easing policy. The next catalyst could be economic data Thursday/Friday this and US CPI data on Wednesday 10th of August.