The USDCHF pair tested the weekly high near 0.9200 in an almost 70-pips movement, consolidating gains in the Asian session. The US Dollar Index which measures the performance of the US Dollar against six major currencies, traded above 92.50 with 0.55% increase.
Meanwhile, as per CNN, there is some conflict for the Democratic party led stimulus plan as it reaches the house. As per reports, House Republicans could face tensions voting against a bipartisan infrastructure package when they return to Washington later this month.
On the other side of the pond, the Swiss franc holds some ground on its safe-haven appeal amid reduced risk appetite.
Looking forward, on the data front, the Unemployment Rate fell lower to 2.7% in August, the lowest since February 2020 and below the market consensus of 2.8%. The readings capped the downside for the franc. In addition to that, as per LiveSquak reports Swiss National Bank (SNB) governing board member, Andrea Maechler stayed optimistic about robust GDP growth for Switzerland in 2021. As for now, traders wait for the US JOLTS job Openings to gauge market sentiment.
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