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USDCHF trades to a new high. Yields starting to impact as rates move higher

The USDCHF is moving to a new session high, and in the process is extending above its 50% midpoint of the move down from the June 30 high to the July 27 low. That midpoint level comes in at 0.8784. Key barometer for traders.The USD in general is rising as it is being influenced more by rising yields, especially in the longer end. The 30-year yield is now up 8.3 basis points. The 10-year yield is up 5.1 basis points. The 2-year yield, which was down on the day is now trading up 0.6 basis points a... Read More

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Usdchf

Trades

High

Yields

Starting

Impact

Rates

Move

Higher

Forex

Posted: Aug 2 2023, 14:22

Author Name: forexlive

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