USD/CHF reverses week-start losses around mid-1.2800s as US Dollar traces firmer yields

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• USD/CHF picks up bids to refresh intraday high, reverses the previous day’s pullback from one-week high.
• Softer Swiss GDP growth contrasts with upbeat US NFP, firmer yields to keep pair buyers hopeful.
• US Factory Orders, risk catalysts may entertain intraday traders.

USD/CHF renews its intraday high around 0.8855 while reversing the week-start losses amid early Tuesday morning in Europe. In doing so, the Swiss Franc (CHF) pair takes clues from the US Dollar recovery, as well as the previous day’s downside Swiss Gross Domestic Product (GDP) for the second quarter (Q2) of 2023.