Risk aversion allows CHF to stay strong on Friday. 10-year US Treasury bond yield erases more than 3.5%. US Dollar Index extends decline to below 97.50. The USD/CHF pair came under renewed bearish pressure in the last hour and slumped to its lowest level since January 16th at 0.9639. As of writing, the pair was trading at 0.9640, losing 0.55% on a daily basis. Investors seem to be looking to stay on the safe side going into the weekend amid heightened worries over the coronavirus death toll continuing to rise and weigh on the global economy. The 10-year US Treasury bond yield extended its slide and was last down 3.5% on the day. USD looks to end week on a weak note The sharp drop in the US T-bond yields seems to be weighing on the greenback as well. The US Dollar Index, which tracks the USD’s performance against a basket of six major currencies, fell sharply during the American session on Friday despite upbeat macroeconomic data releases and was last down 0.46% on the day at 97.42. The University of Michigan’s Consumer Sentiment Index rose to 99.8 in Januar (final) from 99.3 in December and beat the market expectation of 99.1. Moreover, the core Personal Consumption Expenditures (PCE) Price Index ticked up to 1.6% on a yearly basis in December from 1.5%. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NY Fed’s GDP Nowcast fell to 1.5% for first quarter of 2020 from 1.7% FX Street 2 years Risk aversion allows CHF to stay strong on Friday. 10-year US Treasury bond yield erases more than 3.5%. US Dollar Index extends decline to below 97.50. The USD/CHF pair came under renewed bearish pressure in the last hour and slumped to its lowest level since January 16th at 0.9639. As of writing, the pair was trading at 0.9640, losing 0.55% on a daily basis. Investors seem to be looking to stay on the safe side going into the weekend amid heightened worries over the coronavirus death toll continuing to rise and weigh on the global economy. The 10-year US Treasury… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
