USD/CHF loiters near monthly lows around 0.9150 amid risk-off mood

USD/CHF manages to start the fresh trading week on a higher note.
Lower US Treasury yields undermine the demand for the US dollar.
Fading US interest rate bets, higher inflation concerns, and risk-off mood casts a spell on the greenback.

Rekha Chauhan Independent Analyst

USD/CHF keeps its footing firm on Monday in the early Asian session. After hitting the high of 0.9185, the pair recorded a fall of more than 30-pips and touched the monthly lows around 0.9150 in the previous session. At the time of writing, USD/CHF is trading at 0.9163, up 0.11% for the day.

The US Dollar Index (DXY), which tracks the greenback performance against its six rivals, trades near 93.50, following lower US benchmark 10-year Treasury bond yields. The US Fed Chairman Jerome Powell hinted that the central bank is prepared to begin tapering its monthly bond purchases but warned that inflation is likely to remain elevated into 2022.

In addition to that, US Treasury Secretary Janet Yellen said that US inflation is under control in an interview with CNN on Sunday.

On the other hand, the Swiss franc gains momentum on its safe-haven appeal. It is worth noting that, S&P 500 Futures are trading at 4,529, down 0.16% for the day.

As for now, traders are looking for the US Chicago Fed National Activity Index to take fresh trading insight.

USD/CHF additional levels

USD/CHF

Overview
Today last price	0.9166
Today Daily Change	0.0010
Today Daily Change %	0.11
Today daily open	0.9156

Trends
Daily SMA20	0.9259
Daily SMA50	0.9216
Daily SMA100	0.9179
Daily SMA200	0.9142

Levels
Previous Daily High	0.9186
Previous Daily Low	0.9151
Previous Weekly High	0.9273
Previous Weekly Low	0.9151
Previous Monthly High	0.9368
Previous Monthly Low	0.9116
Daily Fibonacci 38.2%	0.9164
Daily Fibonacci 61.8%	0.9172
Daily Pivot Point S1	0.9142
Daily Pivot Point S2	0.9129
Daily Pivot Point S3	0.9107
Daily Pivot Point R1	0.9177
Daily Pivot Point R2	0.9199
Daily Pivot Point R3	0.9212

Author

Rekha Chauhan

Independent Analyst

Rekha Chauhan has been working as a content writer and research analyst in the forex and equity market domain for over two years.

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