USD/CHF stays below 0.9250 amid higher US Treasury yields


  • USD/CHF edges lower, erasing the previous session’s gains.
  • Higher US Treasury yields underpin the demand for the US dollar.
  • Fed tapering and higher inflationary concerns influence traders' decisions.

 USD/CHF accumulated mild losses on Tuesday in the early Asian session. After testing the high near 0.9280 in the US session, the pair traded lower to close below 0.9250. At the time of writing, USD/CHF is trading at 0.9233, down 0.05% for the day.

The US benchmark 10-year Treasury yields trade at 1.59% with 0.88% gains. The greenback follows the US bond yields and remains steady near 94.00. Investors reacted to the prospects of higher interest rates by selling across the board global government bonds. Higher energy prices along with the existing supply-chain bottlenecks and labor shortages check traders nerves. 

On the other hand, the Swiss franc loses momentum as traders turn to the riskier asset in the anticipation of higher returns.  It is worth noting that, S&P 500 Futures is trading at 4,478, up 0.01% for the day.

As for now, traders are looking for the US Housing Starts, and Building Permits data to take fresh trading insight.

USD/CHF additional levels

USD/CHF

Overview
Today last price 0.9233
Today Daily Change -0.0005
Today Daily Change % -0.05
Today daily open 0.9238
 
Trends
Daily SMA20 0.927
Daily SMA50 0.9218
Daily SMA100 0.9171
Daily SMA200 0.9136
 
Levels
Previous Daily High 0.9273
Previous Daily Low 0.9223
Previous Weekly High 0.9313
Previous Weekly Low 0.9194
Previous Monthly High 0.9368
Previous Monthly Low 0.9116
Daily Fibonacci 38.2% 0.9254
Daily Fibonacci 61.8% 0.9242
Daily Pivot Point S1 0.9217
Daily Pivot Point S2 0.9195
Daily Pivot Point S3 0.9167
Daily Pivot Point R1 0.9267
Daily Pivot Point R2 0.9295
Daily Pivot Point R3 0.9317

 

 

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