USD/CHF rebounds on Friday, reversing the previous day’s losses as the US Dollar (USD) regains some ground alongside US Treasury yields. At the time of writing, the pair trades around 0.8250, up 0.56% on the day, after falling to a one-month low of 0.8191 on Thursday.
United Overseas Bank strategists (UOB) Quek Ser Leang and Lee Sue Ann observe that AUD/USD has entered a short-term consolidation after recent gains, with intraday trade expected between 0.6995 and 0.7030. Over 1–3 weeks they remain constructive but note slowing upward momentum and risk that a break below 0.6985 would put the 0.7070 target out of reach, while longer-term EMAs still warn of downside toward prior lows.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining subdued for the fourth successive day and trading near 101.60 during Asian hours on Friday.