The pound extended its recent advance after stronger-than-expected UK inflation data, while the Swiss franc headed for an eighth daily drop versus the euro.
GBP/USD rises as much as 0.4% to 1.2761 before halving the advance; it's up a fourth day as it hits a fresh two-month high.
Data released on Wednesday show that the UK's April CPI rose at a pace that was faster than most economists had expected.
Investors pared back bets on rate cuts, almost eliminating the chance of a cut in June that was in play yesterday. The first reduction isn't fully priced in until November, three months later than the prevailing expectation over the past few weeks.
EUR/GBP down 0.3% to 0.8512, falls a sixth day to its lowest since March 11.
EUR/CHF rises 0.3% to 0.9916, on its longest winning streak since October 2022.
USD/CHF up 0.3% to 0.9134, rises a fifth day for the first time in two months.
EUR/USD slightly lower at 1.0850.
NZD/USD rallied by 1% to 0.6152 following a hawkish Reserve Bank of New Zealand policy decision.
USD/JPY up by 0.2% to 156.51 as its vol skew modestly shifts higher; the Bloomberg Dollar Spot Index is little changed while the yield on 10-year Treasuries advances three basis points to 4.44%.
Source : Bloomberg
