USD/CHF clings to mild losses below 0.8900 as risks dwindle, US inflation eyed – by anilpanchal7 USDCHF RiskAversion Banks Inflation Fed
Market sentiment remains fragile amid mixed concerns about US debt ceiling woes.Positive surprise from US CPI for April can add to US Dollar’s strength.
Apart from the pre-data anxiety, cautious optimism surrounding the US debt ceiling and bank issues also allow the USD/CHF pair to retreat. Also, the market’s disbelief in the hawkish Fed talks and recently downbeat US data adds strength to the incentives that lure the USD/CHF bears. On Tuesday, the US NFIB Small Business Optimism index dropped to the lowest level since 2013, to 89 in April.
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