USD/CHF continues to move on the downward pathway, trading lower around 0.9120 during the early European trading hours on Monday. The pair experiences
Market expects Swiss CPI to grow at 1.8% against the previous figures of 1.6%.continues to move on the downward pathway, trading lower around 0.9120 during the early European trading hours on Monday. The pair experiences downward pressure due to upbeat economic data from Switzerland.
Additionally, over the weekend, Chinese Manufacturing PMI data showed improvement into positive territory, which could impact the strength of the Greenback. This development might have provided support for the Swiss Franc as it is considered the safe-haven currency. The US Core Personal Consumption Expenditures - Price Index for August rose as estimated, reaching 3.9%, but showed a slight easing from the previous reading of 4.3%. Core recorded a softer reading of 0.1% against the market consensus for it to remain consistent at the 0.2% prior.
The avoidance of a government shutdown typically contributes to stability in financial markets, and the resumption of the DXY's upward movement suggests increased confidence in the US dollar among investors.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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