On Monday, the USD/CHF traded largely neutral around 0.8970 with some gains.
USD/CHF rose slightly in the quiet market environment ahead of this week's US CPI data. Last week's underwhelming US data weighed on the USD. Markets are bracing for the US inflation data due later in the week for directional cues. That being said, the pair continues soft, following last week's US data which fueled dovish bets on the Federal Reserve which made markets dump the USD.
In addition, Fed Chair Powell delivers his Semiannual Monetary Policy Report to Congress this week on Tuesday which might also shake the USD dynamics. On the Swiss side, no major highlights are expected this week, hinting that the pair's movement will be mostly driven by the USD's dynamics. Financial markets see over 50% odds of a third interest-rate cut by the Swiss National Bank in September.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
USD/CHF holds its ground after soft Swiss CPIIn Thursday's session, the USD/CHF pair slightly declined, with markets showing a less enthusiastic attitude towards the USD after weak data outcomes.
Lire la suite »
USD/CHF weakens below 0.9050 ahead of Swiss CPI dataThe USD/CHF pair trades with mild losses near 0.9015 during the early Asian trading hours on Thursday.
Lire la suite »
USD/CHF holds gains near 0.8970 with focus on US Inflation and Fed policyThe USD/CHF pair clings to gains near 0.8970 in Monday’s early European session.
Lire la suite »
USD/CHF extends losing streak as Fed rate cut prospects improveThe USD/CHF pair extends its losing streak for the fourth trading day on Monday.
Lire la suite »
Japan's National CPI rises 2.8% YoY, but Core CPI rises less than expectedJapan's National Consumer Price Index (CPI) rose on an annualized basis, with headline CPI inflation climbing 2.8% YoY versus the previous print of 2.5%.
Lire la suite »
GBP/USD finds a meager rebound on Monday, but UK CPI inflation looms aheadGBP/USD halted a recent slide on Monday, recovering 1.2700 after bottoming out near 1.2660 last week.
Lire la suite »