The USD/CHF pair trades on a stronger note around 0.9085 during the early European session on Thursday.
USD/CHF drifts higher to 0.9085 inThursday’sEuropean session. The hawkish comments from many Fed policymakers support the US Dollar . The Swiss Unemployment Rate fellto 2.3% MoM in April from 2.4% in March, the lowest level in four months. The USD/CHF pair trades on astrongernotearound0.9085duringthe early European session on Thursday. The modest rebound of the Greenback, supported by the hawkish comments from the US Federal Reserve officialsprovides some support to the pair.
He alsodidn'trule out a hike if inflation stalls near 3%.This, in turn, lifts the Greenback broadly and creates a tailwind for the USD/CHF pair. On the Swiss front, thenation’sUnemployment Rate fellto 2.3% MoM in April from 2.4% in March, the lowest level in four months, according to the State Secretariat for Economic Affairs on Tuesday. Apart from this, market players will focus on the developments surrounding the geopolitical tensions in the Middle East.
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