After rising to its highest level since July at 0.9377 last week, the USD/CHF pair staged a deep correction and finished the week virtually unchanged. Amid a lack of significant fundamental drivers, the pair is struggling to make a decisive move in either direction on Monday and was last seen trading flat on the day a little below 0.9300.
On Friday, the sharp upsurge witnessed in US Treasury bond yields helped the greenback gather strength against its major rivals. Although the benchmark 10-year T-bond yield reached its highest level in more than a year at 1.646% earlier in the day, it reversed its direction and didn't allow the US Dollar Index (DXY) to build on Friday's gains. At the moment, the DXY is up only 0.1% at 91.78.