USD/CHF slips below 0.9150 as US dollar retreats

• USD/CHF prints losses on Tuesday in the European session.
• Lower US Treasury yields undermine the demand for the US dollar.
• US Dollar Index stays pressurized below 93.00 consecutively for the second session.

USD/CHF edges lower in the early European trading hours on Tuesday. After testing the high at  0.9186 in the previous session’s, the pair retraced back and made a low of 0.9146 in today’s session.

At the time of writing, USD/CHF is trading at 0.9147, down 0.23% for the day.

The US Treasury yields trade lower at 1.27% with 0.43% gains. The US Dollar Index (DXY) moves in tandem with the benchmark 10-year yields movement and trades below 93.00, which capped the gains for USD/CHF.

US Pending Home Sales in the US fell for the second straight month in July while Dallas Fed Manufacturing Business Index growth was at seven month low.

On the other hand, the Swiss Franc picked the momentum on broad-based USD weakness, despite the downbeat economic data.

The KOF Economic Barometer in Switzerland eased to 113.5 in August and much below the market expectations of 125.

It is worth noting that S&P 500 Futures were trading at 4,528, up 0.43%, hit an all-time high in the US session.

As for now, traders are waiting for the US Housing Price Index, S&P/Case-Shiller Home Price Indices, Consumer Confidence data to gauge the market sentiment.

USD/CHF additional levels