USD/CHF prints four-day downtrend near 0.9250 as US Dollar retreats, US GDP in focus

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USD/CHF prints four-day downtrend near 0.9250 as US Dollar retreats, US GDP in focus
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USD/CHF prints four-day downtrend near 0.9250 as US Dollar retreats, US GDP in focus – by anilpanchal7 USDCHF RiskAppetite GDP YieldCurve CentralBanks

US Dollar traces a pullback in Treasury yields amid mixed sentiment, holiday mood.

The Swiss Franc pair bounced off it's weekly low the previous day before retreating from 0.9290. Even so, the quote ended Wednesday on a negative note as hawkish details of the Swiss National Bank’s quarterly report jostled with the mixed US data. On the other hand, the US Conference Board’s Consumer Confidence jumped to the eight-month high of 108.3 for December, compared to the market forecasts of 101.0 and the revised prior readings of 101.40. However, the US Existing Home Sales for November, 4.09M MoM compared to 4.2M expected and 4.43M prior.

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