The USD/CHF pair extends its upside amid the firmer US Dollar (USD) around 0.8525 during the early European trading hours on Tuesday.
USD/CHF gathers strength near 0.8525 in Tuesday’s early European session. The Swiss CPI rose 1.1% YoY in August; the Swiss economy grew 0.7% YoY in Q2. Higher US Treasury bond yields underpin the Greenback, but firmer Fed rate cut bets might cap its upside. The USD/CHF pair extends its upside amid the firmer US Dollar around 0.8525 during the early European trading hours on Tuesday. The Swiss inflation was softer than expected in August, but the economy grew stronger than estimated.
As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar. How do the decisions of the Bank of Canada impact the Canadian Dollar? The Bank of Canada has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down.
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