Forex
Dollar Finds Support Amid Quiet USD/CHF Session
The USD/CHF pair is experiencing a quiet day on Monday as Americans observe Labor Day. However, there's still significant support below for this pair.
The US dollar's performance against the Swiss franc is being influenced by two competing themes. On one hand, renewed speculation about Fed rate hikes is supporting the dollar due to strong US employment numbers. On the other hand, the Swiss National Bank might consider adjusting its monetary policy after Swiss inflation increased enough to raise expectations of a potential shift.
Gold prices are rising as the US dollar weakens. Spot gold has climbed 0.6% to $4,429.89 per ounce, while US gold futures for December delivery remain little changed at $4,475.10.