The currency pair erased part of its 1.49% weekly loss as US Treasury yields stabilized following recent volatility.
The USD/CHF pair rose 0.07% to 0.8010 on Friday, recovering from a midweek slump. The advance followed a 1.49% weekly decline, driven by a sharp drop in US Treasury yields on Wednesday as the US Treasury sought to curb elevated long-term borrowing costs.
Earlier in the week, the pair had fallen below the 0.8000 threshold, pressured by shifting expectations around US monetary policy. The 30-year yield’s retreat provided temporary relief, though broader sentiment remained cautious amid mixed economic signals.
Trading volumes were subdued, with no immediate market reaction to the modest rebound.