USD/CHF built on the overnight goodish bounce and gained some traction on Thursday.
The USD remained well supported after Powell rejected the idea of negative interest rates.
The cautious mood benefitted the safe-haven CHF and capped any strong gains for the pair.
The USD/CHF pair traded with a mild positive bias through the early European session, albeit lacked any strong follow-through buying and remained capped below weekly tops.
The pair edged higher on Thursday and built on the previous day's goodish intraday rebound of around 60 pips from the 0.9665 support zone, or one-week lows. The move-up came after the Fed Chair Jerome Powell rejected the idea of negative interest rates in the US, which helped revive the US dollar demand


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