USD/CHF loses ground for the second successive day, trading lower near 0.8900 during the Asian session on Tuesday. The pair faces challenges due to th
USD/CHF extends its losses ahead of US economic data. Swiss Franc strengthened on geopolitical tensions in Middle-East. Dovish stance by the Fed is weighing on the US Dollar. e downfall in the US Dollar , which could be attributed to the dovish remarks by the US Federal Reserve officials. The Swiss Franc, considered a safe haven, may have found support amidst the geopolitical tensions between Israel and Hamas.
Atlanta Federal Reserve President Raphael Bostic expressed skepticism about a US central bank rate cut before the middle of next year. Fed Philadelphia President Patrick Harker preferred maintaining existing interest rates, while Fed Cleveland President Loretta Mester suggested that the US central bank is either at or very close to the peak of the rate hike cycle. Market watchers are gearing up for a data-packed week.
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