USD/CHF fails to kiss 0.9800 on modest correction in DXY, focus is on US Inflation

The USD/CHF pair is facing correction after re-testing a three-week high at 0.9797 in the early Asian session. The unavailability of extreme buying interest at elevated levels has dragged the asset lower. However, the correction is mild for now and doesn’t warrant a bearish reversal as the odds of a consecutive 75 basis points (bps) interest rate hike by the Federal Reserve (Fed) are soaring vigorously.

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