Ella 
USD/CHF fell for a fifth consecutive session, driven by weakness in the U.S. dollar (USD) and depressed U.S. Treasury yields. During the Asian session on Thursday, USD/CHF was trading around 0.8730.
The reason for the decline in U.S. bond yields over the past three trading days is that the market is generally optimistic that the Federal Reserve may end raising interest rates. However, as of press time this Thursday, the 10-year U.S. Treasury yields and the two-year U.S. Treasury yields were 4.27% and 4.65% respectively, a slight increase.
In addition, the strengthening of the revised annualized quarterly rate of real GDP in the United States in the third quarter also provided support for the dollar. The report showed that the annualized quarterly rate revision of real GDP in the United States in the third quarter was 5.2%, exceeding the expected 5.0%. In addition, U.S. initial jobless claims and personal consumption expenditures (PCE) price index data for the week ended November 24 will be released on Thursday.
Cleveland Fed President Loretta Mester stressed that any decision to raise interest rates further will depend on data-driven considerations. She said there is ample room for current monetary policy to evaluate upcoming data on economic and financial conditions.
In Switzerland, Thomas Jordan, chairman of the Swiss National Bank (SNB), made hawkish remarks and did not deny the possibility of raising interest rates in the future, which continued to support and strengthen the Swiss franc.
The Swiss ZEW economic expectations index in November is expected to be -29.6, compared with the previous value of -37.8. Also closely watched will be Swiss real retail sales for October on Thursday and third-quarter gross domestic product on Friday.
