USD/CHF pair strengthens on Wednesday, up 0.30% for the day to 0.8010 at the time of writing, its highest level for a month, as the US Dollar (USD) maintains a firm tone despite the prolonged US government shutdown.
With no major US data releases amid the government shutdown, markets remain subdued as investors await news on when the delayed September labor report will be published. While tonight’s FOMC minutes may shed light on internal divisions, they are unlikely to move the dollar.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.95 during the early European trading hours on Wednesday. The WTI extends the rally after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) opt for a modest production increase.