USD/CHF drops to 0.9310 area, the US bond yields stay key driver

March 9, 2021

The USD/CHF pair dropped to fresh session lows, around the 0.9315-10 region currently.

The pair stopped its bullish trend and recorded a humble pullback from the 0.9375 area. That was its highest level since July 2020. Assumptions that the Fed will make some move to restrain the rapid rise in long-term borrowing caused a humble pullback in the US Treasury bond yields. Hence, this incited some US dollar profit-taking and put pressure on the USD vs CHF.

All things considered, a mix of factors could offer some support to the pair and help constrain losses.

On the economic data front, the pair is not expecting any significant data releases today. As things stand, the US bond yields stay USD’s key driver.

Our preference:

Sell  USD/CHF @ 0.9298

SL 0.9365

TP 0.9232

USD/CHF DROPS TO 0.9310 AREA, THE US BOND YIELDS STAY KEY DRIVERhttps://t.co/iO6LQIQr8w#forexsignals #forexnews #bestforexsignals #free #forexsignals #liveforextradingsignals pic.twitter.com/BrTri536YE

— 360ForexSignals.com (@petromenea) March 9, 2021