The de-escalated tension in the Middle East and higher US Treasury yields contribute to the strengthening of the US Dollar against the Swiss Franc (CHF). Peace talks between Israel and Hamas also reduce concerns that may weaken demand for the safe-haven CHF.
USD/CHF edges higher as US Dollar improves on reduced chances of a Fed rate cut in June. The de-escalated tension in the Middle East could weaken the demand for safe-haven CHF. Higher US Treasury yields are contributing support for the Greenback. USD/CHF gains ground for the second consecutive session on Monday, advancing to near 0.9050 during the European trading hours.
The NFP reported a significant increase of 303,000 jobs in March, surpassing expectations of 200,000. However, the previous growth of 275,000 was revised downward to 270,000. Additionally, US Average Hourly Earnings rose by 0.3% month-over-month in March, meeting expectations. On an annual basis, there was an increase of 4.1%, aligning with the market consensus but slightly lower than the prior reading of 4.3%.
USD/CHF US Dollar Swiss Franc Middle East Tension US Treasury Yields Peace Talks Unemployment Rate
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