SNB Policy Decision in Focus as CHF Gains Against USD

The Swiss Franc has made gains against the US Dollar after its recent sell-off. Despite this, traders are booking profits due to the one-sided rally from near the 0.8000 psychological mark in mid-August.

As of now, USD/CHF is trading around 0.8209 for a third consecutive day as attention shifts to the Swiss National Bank's policy decision on Thursday.

Hawkish Federal Reserve expectations are supporting the US Dollar near-term outlook, but a modest pullback in US Treasury yields limits its advance.