USD/CHF: Mildly offered near 0.9250 as US Dollar struggles amid mixed sentiment – by anilpanchal7 USDCHF RiskAppetite China Fed Recession
DXY retreats despite firmer Treasury bond yields, sour sentiment as full markets return.holds lower ground near the intraday bottom of 0.9243 as European traders brace for an active Tuesday, mainly due to the return of the US market players after a long weekend. Adding strength to the pair’s pullback moves could be the mixed sentiment in the market, which in turn probes the US dollar’s rebound from a multi-month low.
“Two-thirds of private and public sector chief economists surveyed by the World Economic Forum expect a global recession this year, with some 18% considering it ‘extremely likely’ - more than twice as many as in the previous survey conducted in September 2022,” reported Reuters.
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