USD/CHF consolidates in a narrow range around 0.8770 ahead of the key US CPI – by lilyfinancial USDCHF Majors Macroeconomics
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USD/CHF oscillates in a narrow range above the 0.8770 mark ahead of the Swiss CPIThe USD/CHF pair consolidates in a narrow range above 0.8770 in the early Asian session after retreating from the key barrier around 0.8800. The solid
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USD/CHF rebounds as market mood turns cautious ahead of US CPIThe USD/CHF pair resumes its upside journey after a mild correction in the London session and is approaching the round-level resistance of 0.8800. The
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USD/CHF Baffles at 0.8750 as Investors Await US CPIThe USD/CHF pair remains directionless around 0.8750 as investors look to the US CPI data for guidance. The Swiss Franc is also influenced by the movements of the US Dollar Index (DXY). Please note that the information provided on this page is for informational purposes only and should not be considered as investment advice. It is recommended to conduct your own research before making any investment decisions.
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USD/CHF consolidates in a narrow range around 0.8760 amid a cautious market moodThe USD/CHF pair struggles to gain any meaningful traction and oscillates in a narrow trading range, just above mid-0.8700 during the early Asian session on Wednesday. The pair currently trades around 0.8760, gaining 0.03% for the day. On Monday, Moody's downgraded the credit ratings of several small to mid-sized US banks and issued a warning about possible cuts to the ratings of larger institutions.
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USD/CHF Slides Towards 0.8700 on US Dollar's Positioning for Inflation Data Amid Mixed MoodUSD/CHF remains on the back foot as the US Dollar reverses from the key upside hurdle due to the market's positioning for the key inflation data, as well as backed by China news.
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USD/CHF and EUR/CHF Could Bounce Higher as SNB Status Quo Takes Gloss Off FrancEconomists at Société Générale suggest that USD/CHF and EUR/CHF may see a rebound as the Swiss National Bank's decision to maintain the current policy weakens the Franc. The recent reversal in the Swissie's course and the loss of gains against the USD in early July are attributed to widening yield spreads in favor of the Dollar and Euro.
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