The Australian Dollar appreciates despite escalating trade tensions.
The PBOC injected CNY300 billion through the one-year Medium-term Lending Facility (MLF), keeping the rate steady at 2%.
President Trump said tariffs on Canada and Mexico ‘will go forward’.
The Australian Dollar (AUD) recovers its daily losses as the US Dollar (USD) weakens amid declining US Treasury yields on Tuesday. Investors eagerly anticipate Australia’s monthly inflation report on Wednesday, as it’s expected to offer crucial insights into the future course of monetary policy after the Reserve Bank of Australia’s (RBA) recent hawkish rate cut.

The People’s Bank of China (PBOC) injected CNY300 billion on Tuesday via the one-year Medium-term Lending Facility (MLF), maintaining the rate at 2%.

USD/CHF struggles as the US Dollar loses ground following disappointing US economic data.
Traders anticipate the Fed will keep its current stance for an extended period due to ongoing uncertainty.
The Swiss Franc strengthened as the yield on the 10-year Swiss government bond rose.
USD/CHF remains under pressure for the fourth consecutive session, hovering around 0.8970 during Asian trading hours on Tuesday. The pair’s decline is driven by a weaker US Dollar (USD), weighed down by disappointing US economic data, including last week’s Jobless Claims and the S&P Global Purchasing Managers’ Index (PMI).

Traders continued evaluating the interest rate outlook, with the Federal Reserve (Fed) expected to maintain its current stance for an extended period, amid ongoing

USD/CHF remains steady due to market caution amid increased uncertainty surrounding the US election results.
Improved US Treasury yields could have provided support for the US Dollar.
The continued slowdown in Swiss inflation has increased the likelihood of a bumper SNB rate cut in December.
USD/CHF holds ground after registering losses in the previous session, trading around 0.8640 during the Asian hours on Tuesday. The US Dollar (USD) remains steady as traders adopt market caution amid increased uncertainty surrounding the US presidential election. Additionally, improved US Treasury yields also provide support for the Greenback.

The opinion polls indicate that former President Donald Trump and Vice President Kamala Harris are nearly tied. The outcome may remain

USD/CHF depreciates as the US Dollar loses ground amid lower Treasury yields.
The recent poll indicated that Kamala Harris and Donald Trump are locked in a close contest across seven battleground states.
The 10-year Swiss bond yield falls toward 0.38% due to rising expectations of more aggressive rate cuts by the SNB.
USD/CHF retraces its recent gains from the previous session, trading around 0.8650 during the European session on Monday. The US Dollar faces downward pressure as subdued Treasury yields follow Friday’s weaker-than-expected US Nonfarm Payrolls report.

The US Dollar Index (DXY), which measures the value of the US Dollar against its six major peers, trading around 103.80 with 2-year and 10-year yields on US Treasury bonds standing at 4.17% and 4.31%,

USD/CHF may appreciate further due to fading odds of bumper rate cuts by the Fed in 2024.
The US Dollar receives support from market caution ahead of the US presidential election.
The recent lower Swiss inflation rate increased the dovish sentiment surrounding the SNB.
USD/CHF remains steady after registering losses in the previous session, maintaining its position above 0.8650 during Asian trading hours on Friday. This level is near its two-month peak of 0.8686, reached on Wednesday.

The strength of the USD/CHF pair could be linked to the robust performance of the US Dollar (USD), driven by rising expectations that the Federal Reserve (Fed) will take a less aggressive approach to interest rate cuts than previously thought.

Additionally, the Greenback is bolstered

USD/CHF may regain its ground as US Treasury yields continue to surge.
CME FedWatch Tool suggests an 86.9% chance of the Fed’s 25-basis-point rate cut in November, with expecting no bumper cut.
The Swiss Franc faces challenges as lower inflation reinforces the likelihood of another rate cut by the SNB in December.
USD/CHF offers its gains from the previous session, trading around 0.8650 during the early European hours on Tuesday. This downside of the pair could be limited as the US Dollar (USD) gained support following a surge in US Treasury yields, which climbed over 2% on Monday. At the time of writing, the 2-year and 10-year US Treasury bond yields stand at 4.04% and 4.20%, respectively.

Recent economic data dispelled the likelihood of a bumper rate cut by the

USD/CHF edges higher as robust US labor and inflation data have diminished the likelihood of bumper rate cuts by the Fed.
Atlanta Fed President Raphael Bostic expects just one more interest rate cut of 25 basis points this year.
The Swiss Franc strengthened as lower inflation in September reduced the need for the SNB to implement substantial rate cuts.
USD/CHF retraces its recent losses registered in the previous session, trading around 0.8630 during the early European hours on Wednesday. The US Dollar (USD) continues to gain support as robust US Employment and Consumer Price Index (CPI) data have dampened expectations of aggressive Federal Reserve (Fed) easing.

Markets are now anticipating a total of 125 basis points in rate cuts over the next 12 months. According

USD/CHF depreciates due to a rising likelihood of a bumper 50 basis points rate cut by the Fed on Wednesday. Lower Treasury yields contribute to downward pressure for the US Dollar.

USD/CHF gained ground as FOMC left its benchmark lending rate in the range of 5.25%–5.50% on Wednesday. Powell stated, “We don’t see ourselves as having the confidence that would warrant policy loosening at this time.” Swiss Franc may see limited downside as SNB is unlikely to implement a rate cut in June.

USD/CHF hovers below 0.9152, the highest since October reached on Monday. US Dollar strengthened as higher Retail Sales amplified expectations of the Fed prolonging higher policy rates. Swiss Franc faces challenges due to the likelihood of SNB implementing another rate cut in the June meeting.

USD/CHF attempts to recover its recent gains registered in the previous session. The USD/CHF pair edges lower to near 0.8730 during the European hours on Thursday. The improved risk appetite weakened the US Dollar (USD) against the Swiss Franc (CHF). Additionally, the subdued US bond yields are contributing downward pressure to undermining the Greenback.