Daily Market Updates: Swiss Franc gains as Fed rate pause bets weigh on US Dollar

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Swiss Franc gains as Fed rate pause bets weigh on US Dollar

Reported · Written up by our desk · Major Pairs

USD/CHF depreciates after opening at a bullish gap, remaining in positive territory and trading around 0.8240 during Asian hours on Monday. The currency pair lost ground as the US Dollar (USD) came under pressure from declining expectations of an October interest rate hike by the Federal Reserve.

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FXStreetSwiss Franc gains as Fed rate pause bets weigh on US Dollar

Forex

Swiss Franc gains as Fed rate pause bets weigh on US Dollar

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Sources

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