The USD/CHF pair posts modest gains below the 0.9000 psychological mark during the Asian session on Thursday. The recovery of the pair is supported by
USD/CHF gains momentum around 0.8993 amid a rise of US Treasury bond yields, firmer USD. The Fed Beige Book update showed the US economic outlook had "little to no change" between September and early October. The escalating tension in the Middle East might lift the Swiss Franc . Investors will monitor the Fed’s Powell speech, Swiss trade data on Thursday. a rise in US Treasury yields and a firmer US Dollar . Meanwhile, the US Dollar Index surges to 106.63.
On the Swiss Franc front, the rising geopolitical tension in the Middle East could boost the demand for a traditional safe-haven asset such as Swiss Franc . On Tuesday, Gaza authorities said an Israeli air attack killed 500 people at a hospital in the Palestinian territory, while Israel stated the damage was caused by a Palestinian attack.
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