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Fundamental Overview The USD got a boost yesterday following an ugly US ISM Manufacturing PMI as the markets went into risk-off. Overall, we had goldilocks data releases until now with an economy that’s been slowing but still growing. So, one bad report might not be a gamechanger, but the markets are increasingly sensitive to bad […]
USD/CHF depreciates as traders expect the Fed to reduce rates in September. NBC News projected that Vice President Kamala Harris had secured endorsements from a majority of the Democratic Party’s delegates. The Swiss Franc may limit its upside as the SNB could deduct interest rates further. USD/CHF halts its three-day winning streak, trading around 0.8890 […]
USD/CHF trades on a weaker note near 0.8925 in Tuesday’s early Asian session. Fed policymakers retain a cautious approach to rate cuts, emphasizing that their decisions would be data-dependent. The Swiss Franc is supported by the escalating geopolitical tensions in the Middle East and Ukraine. The USD/CHF pair weakens around 0.8925 on Tuesday during the […]
Share: USD/CHF drops to near 0.8750 amid subdued US Dollar ahead of Retail Sales data. Monthly consumer spending momentum is seen expanding at a higher pace of 0.4% vs. June’s pace of 0.2%. The SNB will raise interest rates by 25 bps in September to 2%. The USD/CHF pair drops to near its […]
Share: USD/CHF plunges to a two-month low of 0.8889, down 0.72%, due to weaker-than-expected US labor data and a weakened US Dollar. The pair breaches a two-month support trendline, extending losses below 0.8900. The next target is the year-to-date low of 0.8819, pending a breakthrough of the 0.8850 psychological level. If buyers reclaim […]
