USD/CHF retraces recent losses, trading higher around 0.9020 during the European session on Wednesday.
USD/CHF consolidates post-intraday gains on improved US bond yields. Improved market sentiment weighs on the Swiss Franc . Minneapolis Fed President Neel Kashkari's Comments Propel Greenback's Upward Momentum. The pair receives upward support due to the rebound in US Dollar on the back improved US Treasury yields. On Tuesday, Switzerland's seasonally adjusted Unemployment Rate remained consistent at 2.1% in October.
The Greenback's upward momentum received a boost after comments from Minneapolis Fed President Neel Kashkari, who cautioned against prematurely declaring the end of the Fed's rate hike cycle. Kashkari expressed doubts about the adequacy of current policy in the face of a robust economy, suggesting that a potential rise in inflation could warrant additional tightening.
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