The Swiss Franc (CHF) softens slightly against the US Dollar (USD) on Tuesday, with the USD/CHF pair stabilizing after a two-day decline, as the Greenback attempts to recover from seven-week lows.
The EUR/USD pair post back-to-back bullish days, rising over 0.37% on Monday as traders grow confident that monetary policy in the United States (US) will resume its easing cycle after the Federal Reserve (Fed) Chair Jerome Powell acknowledged the weakness of the labor market.
The Dow Jones Industrial Average (DJIA) churned chart paper on Monday, finding a near-term floor at the 45,400 level. Investors continue to lean into bets that the Federal Reserve (Fed) will deliver an interest rate cut on September 17.