The USD/CHF pair snaps a two-day losing streak during the early Asian session on Tuesday. The recovery of US Treasury yields lends some support to the
USD/CHF holds above the 0.9000 psychological mark in the Asian session on Monday. US NY Empire State Manufacturing Index for October fell to 4.6 vs. 1.9 rise prior. The escalating geopolitical tensions between Israel-Hamas might lift the traditional safe-haven Swiss Franc. Market players will monitor US Retail Sales on Tuesday and Swiss trade data on Thursday. pair. At the time of writing, USD/CHF is trading near 0.9011, holding higher while adding 0.12% on the day.
A rapid response force of 2,000 Marines and sailors is being sent. It will join an increasing number of US warships en route to Israel in an effort to send a deterrent message to Iran and the Lebanese militant group Hezbollah, according to a CNN report. That said, the rising geopolitical tensions between Israel and Hamas might boost the traditional safe-haven Swiss Franc and act as a headwind for the USD/CHF pair.
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