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USD/CHF rebounds ahead of Yellen’s speech

The USD/CHF pair trades 0.10% higher at 0.9746, easing slightly from fresh session highs printed at 0.9750. The major reverses a small portion of the previous massive sell-off and strives hard to resume the ongoing broader uptrend, as the US dollar picks-up momentum ahead of the crucial Fed Yellen’s speech due later in the day. The USD index rises 0.10% to 96.09, recovering from a dip to 95.84 levels.

Markets await the US consumer confidence and S&P/CS Composite-20 HPI index for further momentum on the pair, following mixed batch of economic data released on Monday.

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