USD/CHF bounces off multi-day low, remains below 0.9000 mark amid subdued USD demand – by hareshmenghani USDCHF Recession Fed Bonds Currencies
Against the backdrop of worries about a global economic slowdown, a surprise breakdown in the US debt ceiling negotiations weigh on investors' sentiment and drives some haven flows towards the Swiss Franc . Apart from this, subdued US Dollar price action, exerts some downward pressure on the USD/CHF pair.
Spot prices attract some buyers near the 0.8940 region, though any meaningful upside still seems elusive ahead of a key meeting between President Joe Biden and House Republican Speaker Kevin McCarthy to discuss the debt ceiling. Apart from this, the US bond yields will influence the USD price dynamics and provide some impetus to
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