• USD/CHF finds a temporary cushion near 0.8520 with investors focusing on the FOMC minutes.
• Market sentiment seems quiet with FOMC minutes in focus.
• Fed Powell may not provide a preset rate cut path in his speech at the Jackson Hole Symposium.

The USD/CHF pair discovers an interim support near 0.8520 in Wednesday’s European session after a three-day losing streak. The Swiss Franc asset finds cushion as the US Dollar (USD) edges higher after posting a fresh seven-month low. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, rises slightly to near 101.50 from 101.31.

Market sentiment remains quiet, with investors focusing on the Federal Open Market Committee (FOMC) minutes for the July policy meeting, which will be published at 18:00 GMT. S&P 500 futures have posted any gains in the European session. 10-year US Treasury yields remain subdued near 3.81%.

Investors will look for fresh cues about how much the Federal Reserve (Fed) will cut interest rates in September and by the year-end. In the July policy meeting, the Fed left interest rates unchanged in the range of 5.25%-5.50% but opened doors for rate cuts in September.