USD/CHF remains capped below the 0.8800 barrier ahead of US Retail Sales – by lilyfinancial USDCHF Majors Macroeconomics
of 0.8827. Meanwhile, the US Dollar Index , a measure of the value of the USD against six other major currencies, trades The major pair remains capped around the 0.8800 barrier ahead of the Swiss Producer and Import Price Index for July and the US Retail Sales data.
On the other hand, market players is expected that the Swiss National Bank will raise interest rates by 25 basis points to 2% in September, according to Bllomberg. About the data, the Swiss Unemployment Rate came in at 1.9% in July, matching expectations. The figure remained unchanged compared to the June reading and marked its lowest level since October 2022.
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