USD/CHF aims to break the 0.8900 major level, focus on US PMI data

October 24, 2023

in Forex

Reading Time: 2 mins read

USD/CHF extends its losses ahead of US economic data.
Swiss Franc strengthened on geopolitical tensions in Middle-East.
Dovish stance by the Fed is weighing on the US Dollar.

USD/CHF loses ground for the second successive day, trading lower near 0.8900 during the Asian session on Tuesday. The pair faces challenges due to the downfall in the US Dollar (USD), which could be attributed to the dovish remarks by the US Federal Reserve (Fed) officials.

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USD/CHF aims to break the 0.8900 major level, focus on US PMI data

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USD/CHF aims to break the 0.8900 major level, focus on US PMI data

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