The US Dollar is showing a slightly firmer tone on Wednesday with the USD/CHF bouncing up from multi-year lows at 0.7875, but still capped below previous lows at the 0.7960 area.
The Greenback drew some support on Tuesday from a strong US JOLTS Job Openings report and a larger-than-expected improvement in manufacturing activity.
These figures endorsed Fed Powell's earlier comments at the ECB Forum oc Central Banking in Sintra, Portugal, where the chair of the US central bank confirmed his cautious stance toward interest rate cuts, amid a likely increase on inflation stemming from Trump's tariffs.
The pair, however, maintains its bearish bias intact as market concerns about the impact of Trump's tax bill on US Government debt and the lack of progress on trade deals remain significant headwinds to any US Dollar recovery.
The Swiss calendar is void on Wednesday, and the market will be looking at the US ADP employment report. After the strong JOLTS reading on Tuesday, another upbeat release today might boost expectations for Thursday's payroll report and provide additional support to the US Dollar.
Source: Fxstreet
USD/CHF continues to trudge its way through familiar technical territory, with price action holding stubbornly just south of the 0.8000 major handle. The Swiss National Bank (SNB) continues to fight b...
The USD/CHF pair demonstrates strength near its over two-week high around 0.8000 during Friday's late Asian session, posted on Thursday. The Swiss Franc pair gained sharply on Thursday as the US Dolla...
The US Dollar rally against the Swiss franc was capped at 0.7970 on Monday, and the pair retreated to levels right below 0.7945 as market sentiment deteriorated during the European Session, with all e...
The Swiss Franc (CHF) strengthens modestly against the US Dollar (USD) on Wednesday, with USD/CHF trimming intraday gains as the Greenback softens after softer-than-expected US Producer Price Index (P...
The US dollar traded lower against the Swiss franc for the second consecutive day on Monday (September 8). A weak payrolls report released on Friday continued to weigh on the US dollar, as investors i...
Crude prices recovered from a midday dip on Friday on hopes Hungary can use Russian crude oil as U.S. President Donald Trump met Hungary's Prime Minister Viktor Orban at the White House. Brent crude futures settled at $63.63 a barrel, up 25 cents...
US stocks rebounded from early losses to close mostly higher on Friday amid hopes that Congress members were making progress toward ending the government shutdown. The S&P 500 and the Dow Jones closed 0.3% higher, while the tech-heavy Nasdaq...
European stocks fell on Friday as investors digested more quarterly earnings, but weekly losses were inevitable, with concerns regarding overheated valuations evident. The DAX index in Germany dropped 0.8% and the CAC 40 in France declined 0.2%,...
The U.S. Supreme Court's tough questioning of President Donald Trump's global tariffs has fueled growing speculation that they will be overturned,...
European stocks opened lower on Thursday, as investors reacted to another flurry of corporate earnings.
The pan-European Stoxx 600 was 0.3% lower...
Chicago Federal Reserve President Austan Goolsbee on Thursday said the lack of official data on inflation during the government shutdown...
Asian stocks slipped at the open on Friday (November 7), following a choppy session on Wall Street. The MSCI Asia Pacific Index fell about 0.2%, led...