EUR/USD snaps the winning streak near 1.0530 on rising US Dollar

USD/CHF trades lower near 1.0530due to the upbeat US Dollar. The Palestine-Israel conflict could push the flow toward safe haven Greenback. Solid US NFP data bolsters the strength of the US Dollar . cing downward pressure due to risk aversion, which is attributed to the Palestine-Israel military conflict.

Concerns persist that the conflict may escalate and spread throughout the region, introducing geopolitical uncertainties that could reverberate across global markets. The US Dollar Index has rebounded after three consecutive days of losses, propelled by optimistic US Treasury yields. The DXY trades around 106.30 at the time of writing. US Treasury yields have rebounded, influenced by expectations that the Federal Reserve will maintain higher interest rates for an extended period.

Source: Digital Coin News (digitalcoinnews.net)

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