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Home Forex News Swiss Franc Slides as Resilient US Data and Persistent Deflation Weigh on CHF
Source: https://bitcoinworld.co.in/swiss-franc-slides-us-data-deflation-chf/
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USD/CHF gains ground after two days of losses, trading around 0.7830 during the Asian hours on Monday. The pair gains ground as the Swiss Franc (CHF) weakens ahead of the release of key economic data including, Swiss Real Retail Sales for April, Q1 Gross Domestic Product, and May’s SVME – Purchasing Managers’ Index (PMI). Traders will shift their focus on the Institute for Supply Management’s (ISM) Manufacturing PMI, which provides a reliable outlook on the state of the US manufacturing sector. The USD/CHF pair appreciates as the US Dollar (USD) maintains its strength on increased safe-haven demand, driven by market participants closely assessing the highly fluid developments surrounding United States (US)-Iran peace negotiations. US President Donald Trump seeks to alter and reinforce several key terms of the proposal aimed at ending the US-Israel war on Iran. According to the BBC, these requ
The post USD/CHF Price Forecast: US Dollar clings above 0.7830 with bearish pressure growing appeared on BitcoinEthereumNews.com.
The US Dollar (USD) is trading flat against the Swiss Franc (CHF) on Friday, attempting to hold above 0.7830 after rejection at the 0.7900 area on Thursday. News of an extension of the US-Iran truce has boosted a moderate appetite for risk and is weighing on the safe-haven US Dollar across the board. Axios reported on Thursday that the US and Iran had reached a memorandum of understanding to extend the ceasefire for 60 days, although the agreement is still pending the signature of US President Donald Trump. Hopes of peace in Iran have offset the positive USD impact of the strong US Personal Consumption Expenditures (PCE) Price Index figures seen on Thursday, which keep hopes of a Federal Reserve (Fed) rate hike alive. In Switzerland, the KOF Leading Indicator has shown marginal improvement in economic activity in April, with no relevant impact on the Swiss F
Gold's decline highlights the impact of strong US data on rate expectations, emphasizing the need for cautious investment amid market volatility.
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The post US Dollar: Data focus and Fed expectations – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Michael Pfister notes that if negotiations with Iran fail to progress, markets will turn to a heavy slate of US data, including the second estimate of first-quarter GDP and key PCE inflation readings. With FOMC rhetoric turning more hawkish, he stresses that solid growth and stronger PCE are needed to sustain current US rate hike expectations and support the US Dollar. US data and Fed rhetoric in focus “If no significant progress is made in today’s negotiations either, the market will likely focus this afternoon on the series of US data set to be released.” “Admittedly, it is ‘only’ the second estimate of US growth in the first quarter, and the PCE index can usually be estimated quite well from the already released inflation and producer price figures.” “However, given that statements from FOMC members have become increasingly hawkish in recent days and weeks – which is
The post Swiss Franc Slides As Risk Aversion Fuels US Dollar Demand appeared on BitcoinEthereumNews.com.
Swiss Franc Slides As Risk Aversion Fuels US Dollar Demand Skip to content
Home Forex News Swiss Franc Slides as Risk Aversion Fuels US Dollar Demand
Source: https://bitcoinworld.co.in/swiss-franc-declines-usd-strength-risk-off/
The post British Pound: Volatility focus shifts to politics – DBS appeared on BitcoinEthereumNews.com.
DBS Bank’s Philip Wee reviews recent FX volatility through the Pound, noting that GBP has been more resilient than EUR and CHF since Operation Epic Fury, helped by the UK’s lower exposure to the energy shock and higher policy rates. However, he highlights that GBP has recently underperformed as markets refocus on UK political risks and reassess Bank of England tightening expectations. Pound resilience gives way to politics risk “Following the start of Operation Epic Fury, GBP (-1.9%) was more resilient than the EUR (-2.2%) and CHF (-3.8%) in March.” “In April, GBP (+2.9%) outperformed the CHF (+2.3%) and EUR(+1.5%).” “However, GBP (-0.6%) underperformed the EUR (-0.2%) and CHF(-0.1%) in the first half of May.” “Markets now see GBP facing a reality check as focus shifts from the US-Iran conflict to 10 Downing Street.” “In the end, the GBP’s outlook remains tethered to the escalation or
The post Swiss Franc steadies as traders brace for US PPI data, Trump-Xi summit appeared on BitcoinEthereumNews.com.
The USD/CHF pair trades on a flat note around 0.7805 during the early European trading hours on Wednesday. Traders await the key US inflation data and continue to assess the developments surrounding US-China talks later this week. The South China Morning Post reported on Wednesday that US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will hold trade and economic talks in South Korea ahead of US President Donald Trump’s official visit to China. The Trump-Chinese President Xi Jinping summit will take place in Beijing on Thursday and Friday. Earlier on Tuesday, Trump said that he would prioritize trade discussions during his summit with Chinese President Xi Jinping, and downplayed the amount of attention they would devote to the Iran war. The US Producer Price Index (PPI) report will take center stage later on Wednesday. Markets expect the headline U