USDCHF Softens as Swiss Franc Rebounds From Lows
USDCHF pulled back as the Swiss franc recovered from two-week lows and markets scaled back Federal Reserve rate-hike bets ahead of US retail sales data.
USDCHF
The Swiss franc moved off two-week lows against the US dollar during the session. The dollar struggled as market participants reduced expectations for another Federal Reserve interest rate increase.
US retail sales data is the next key release on the calendar, keeping the pair in focus. The franc's recovery comes as rate-sensitive positioning adjusts heading into the report.
Source: FXStreet Forex News