- Analytics
- News and Tools
- Market News
- USD/CHF defends weekly lows near 0.9230 amid USD broad-based sell-off
USD/CHF defends weekly lows near 0.9230 amid USD broad-based sell-off
- USD/CHF grinds lower on Thursday in the Asian session.
- Lower US Treasury yields pull US dollar near 94.00.
- Swiss franc gains limited on risk-on sentiment.
The USD/CHF pair edges lower on Thursday in the Asian session. The pair fell from the high above 0.9300 in the US session in more than 70-pip movement. At the time of writing, USD/CHF is trading at 0.9235, down 0.05% for the day.
The move was sponsored by the sell-off in the greenback. Investors digested higher US Consumer Price Index (CPI) and insights of the FOMC minutes. The US CPI edged up 5.4% in September, beating market expectations of 5.3%. In addition to that, the minutes from the September FOMC meeting suggested that the policymakers on the course of the gradual tapering process from mid-November that should be concluded around the middle of 2022.
Meanwhile, US Federal Reserve Governor Michelle Bowman also supported the beginning of the withdrawal of some of the US central bank’s crisis-era support for the economy as soon as November. The greenback remained unfazed by the comments.
As for now, traders are looking for Swiss Producer and Import Prices, US Producer Price Index (PPI), and US Initial Jobless Claims to take fresh trading insight.
USD/CHF additional levels
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
