USD/CHF trades around 0.9080 during the European hours on Friday.
USD/CHF trims daily losses on expectations of de-escalating the Israel-Iran situation. An Iranian official stated there is currently no immediate plan for retaliation against the Israeli airstrikes. The US Dollar may gain ground on higher US Treasury yields as Fed officials conveyed hawkish messages on Thursday. The pair trims intraday losses after the statement made by an Iranian official that there is no immediate plan of retaliation against Israeli airstrikes.
Nevertheless, hawkish comments from Federal Reserve officials on Thursday prompted a rise in US Treasury yields. At present, 2-year and 10-year yields on US Treasury bonds are at 4.96% and 4.58%, respectively. The higher yields may attract support for the Greenback, thus underpinning the USD/CHF. Atlanta Fed President Raphael Bostic emphasized that US inflation is unreasonably high and stressed the need for the Fed to continue making strides in addressing inflation.
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