The USD/CHF pair trades on a stronger note for the second consecutive day around 0.9125 during the early European session on Tuesday.
USD/CHF gains ground near 0.9125 on the risk-on moodinTuesday’searly European session. The hawkish comments from the Fed lift the Greenback and create a tailwind for USD/CHF. The ongoing geopolitical tensions in the Middle East might boost safe-haven assets like the Swiss Franc. The USD/CHF pair trades on astrongernote for the second consecutive dayaround 0.9125 during the early European session on Tuesday.
The US preliminary Gross Domestic Product Annualized for the first quarter andMarch’sPersonal Consumption Expenditures Price Index laterthis week will beclosely watchedevents and might offersomehints about the possibility of policy easing by the Fed.In case the reports show upbeat data, this could boost the USD and cap thepair’supside. On the other hand, the ongoing geopolitical tensions in the Middle East might boost safe-haven flows, benefiting the CHF.
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