Market news
11.12.2024, 13:20

USD/CHF eases from 0.8850 highs heading on the US inflation release

  • The US Dollar recovery stalls below 0.8850 ahead of the US inflation report.
  • US CPI is expected to reflect steady price pressure that might force to scale back easing expectations for next year.
  • The SNB is expected to cut rates by 25 basis points on Thursday.

The US Dollar is trading higher for the fourth consecutive day although bulls have been halted at 0.8850 with investors awaiting the reading of November’s US CPI figures.

The pair accelerated its rebound from last week's lows at 0.8735 on Tuesday. The Dollar has been appreciating across the board this week, with investors anticipating a strong US inflation report today.

November’s CPI is unlikely to alter market expectations of a 25 bps Fed cut next week but might force to scale back monetary easing hopes for next year. This would buoy US Treasury yields and drag the US Dollar higher with them.

In Switzerland, the SNB is expected to cut rates on Thursday and might leave the door open for further cuts in early 2025 considering the weak inflation levels. A large rate cut, which is not completely discarded, would take markets by surprise and hit the CHF.

US Dollar PRICE Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.19% 0.25% 0.47% 0.07% 0.34% 0.35% 0.05%
EUR -0.19%   0.06% 0.29% -0.12% 0.15% 0.17% -0.15%
GBP -0.25% -0.06%   0.21% -0.19% 0.08% 0.09% -0.22%
JPY -0.47% -0.29% -0.21%   -0.40% -0.12% -0.12% -0.43%
CAD -0.07% 0.12% 0.19% 0.40%   0.28% 0.27% -0.04%
AUD -0.34% -0.15% -0.08% 0.12% -0.28%   0.00% -0.30%
NZD -0.35% -0.17% -0.09% 0.12% -0.27% -0.01%   -0.31%
CHF -0.05% 0.15% 0.22% 0.43% 0.04% 0.30% 0.31%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

 

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location