USD/CHF trades on a positive note above 0.9050, focus on Fed’s Daly’s speech

The USD/CHF pair rose to 0.9085 during Thursday’s European session. The US Dollar was supported by hawkish comments from Fed policymakers. The Swiss Unemployment Rate dropped to 2.3% in April, the lowest in four months. Investors are waiting for Fed official Daly’s speech later in the day with no major economic data releases from the US or Switzerland. Several Fed officials expressed hawkish views this week, boosting the USD. On the Swiss side, the unemployment rate decreased to 2.3% in April. Geopolitical tensions in the Middle East could impact the Swiss Franc as a safe-haven currency.

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