USD/CHF trades higher around 0.9020 during the European session on Tuesday, snapping the two-day losing streak. The escalating geopolitical conflicts
USD/CHF trades higher amid escalating Middle-East conflict. American naval vessels are en route to Israel, sending a message of deterrence to both Iran and the Lebanese militant group. The Greenback faces hurdles amid dovish comments from multiple Federal Reserve officials. between Israel and Hamas could strengthen the Swiss Franc, a classic safe-haven currency, and pose a challenge for the USD/CHF pair. The US Marine Rapid Response force is en route to the waters near Israel.
Federal Reserve Bank of Philadelphia President Patrick Harker echoed these sentiments on Monday, advising against introducing new economic pressures through increased borrowing costs. Harker emphasized the stance that, unless there's a significant shift in the data, the Fed should maintain interest rates at their current levels. Meanwhile, US Treasury yields continue to rise, with the 10-year US Treasury bond yield reaching 4.74% at the moment.
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