The USD/CHF pair falls sharply to 0.9010 in Tuesday’s early New York session.
USD/CHF drops sharply to 0.9000 as US Dollar slumps ahead of US Inflation data. S&P 500 opens on a positive note, indicating demand for risk-perceived assets. The SNB is expected to cut interest rates again as Swiss inflation remains below 2%. The Swiss Franc asset weakens as the market sentiment remains cheerful even though traders pare bets supporting Fed eral Reserve rate cuts from the June meeting.
Monthly headline and core inflation are both forecasted to have increased at a slower pace of 0.3% from 0.4% in February. In the same period, economists expect the annual headline CPI to accelerate to 3.4% from 3.2%, while the core inflation is anticipated to decelerate to 3.7% from 3.8%. The inflation data is expected to significantly influence market expectations for Fed rate cuts.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSO: 9000 block of County Road 217 closed for 'indefinite' time due to police investigationMultiple law enforcement agencies including the Jacksonville Sheriff's Office and Clay County Sheriff's Office, joined Homeland Security on scene Thursday.
Read more »
USD/CHF rises to near 0.9080 amid subdued Real Retail Sales from SwitzerlandUSD/CHF extends gains for the second consecutive day, advancing to near 0.9080 during the early European hours on Tuesday.
Read more »
USD/CHF Consolidates Near Highest Level Since November 11The USD/CHF pair enters a bullish consolidation phase during the Asian session on Wednesday and oscillates in a narrow band near its highest level since November 11 touched the previous day. Spot prices currently trade around the 0.9080 region and seem poised to prolong the recent positive momentum witnessed over the past month or so. The Swiss Franc (CHF) continues to be undermined by the Swiss National Bank's (SNB) unexpected move to cut interest rates in March amid a faster-than-anticipated slowdown in inflation and economic growth. In contrast, the markets have been scaling back their expectations for rate cuts by the Federal Reserve (Fed) amid signs of a still-resilient US economy
Read more »
USD/CHF falls from 0.9100 after downbeat US Services PMIThe USD/CHF pair faces a sharp sell-off near the round-level resistance of 0.9100 as the United States Institute of Supply Management (ISM) has reported weak Services PMI data for March.
Read more »
USD/CHF jumps to 0.9070 as Switzerland’s soft CPI weakens Swiss FrancThe USD/CHF pair rallies to 0.9070 in the European session on Thursday.
Read more »
USD/CHF trades with mild negative bias above 0.9000 ahead of US PMI dataThe USD/CHF pair trades with mild negative bias around 0.9015 during the early European session on Monday.
Read more »