USD/CHF continues the winning streak that began on September 19 and reached the five-month high. The spot price is trading near 0.9140 during the earl
US bond yields are improved due to the Fed’s hawkish stance, strengthening the US Dollar .continues the winning streak that began on September 19 and reached the five-month high. The spot price is trading near 0.9140 during the early trading hours of the European session on Tuesday.
However, the warnings from US President Joe Biden and a senior adviser regarding the potential consequences of a federal government shutdown have heightened market concerns. They have emphasized the potential difficulties that could arise, particularly affecting low-income women and children who may lose food benefits.
These proposed cuts would need approval from the Democratic-controlled Senate, which is expected to reject them. The failure to reach an agreement between both houses could lead to a partial government shutdown by the upcoming Sunday.
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