USD/CHF finds some support above 0.9100 amid the cautious mood, geopolitical tensions eyed
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The USD/CHF pair faces selling pressure to 0.9105 amid a decline in the US Dollar Index (DXY) and ongoing geopolitical tensions in the Middle East. National Security Advisor Jake Sullivan announced new sanctions targeting Iran and sanctions against entities supporting the Islamic Revolutionary Guard Corps and Iran's Defense Ministry. Western leaders have urged Israel to exercise restraint against escalation. Strong US economic data and hawkish comments from the US central bank support the Greenback. The Federal Reserve's Powell stated that monetary policy needs to be restrictive for longer, dampening hopes for rate cuts. The USD/CHF pair is supported above 0.9100, but geopolitical tensions and US economic data will be closely monitored.
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