Swiss Franc weakens ahead of Q1 GDP data release

The post 51.8: China’s RatingDog Manufacturing PMI beats estimates in May appeared on BitcoinEthereumNews.com. China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) declines to 51.8 in May from 52.2 in April the latest data published by RatingDog showed on Monday.  The market forecast was for a 51.4 reading. AUD/USD reaction to China’s PMI data At the time of writing, the AUD/USD pair is trading around 0.7183, up 0.01% on the day.  (This story was corrected on June 1 at 01:50 GMT to say China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) declined to 51.8 in May from 52.2 in April, not rose). Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in

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

The post Swiss Franc Slides As Resilient US Data And Persistent Deflation Weigh On CHF appeared on BitcoinEthereumNews.com. Swiss Franc Slides As Resilient US Data And Persistent Deflation Weigh On CHF Skip to content 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/

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 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

The post Swiss Franc weakens as SNB resists strength, US CPI eyed appeared on BitcoinEthereumNews.com. USD/CHF trades around 0.7815 on Tuesday at the time of writing, up 0.46% on the day, supported by renewed demand for the US Dollar (USD) amid fresh geopolitical tensions in the Middle East. Market sentiment deteriorates after comments from United States (US) President Donald Trump stating that the US-Iran ceasefire is on “life support.” According to CNN, several members of his administration are now reportedly considering a resumption of major military operations more seriously. This backdrop revives safe-haven flows and supports the Greenback. The US Dollar Index (DXY), which measures the US Dollar’s performance against a basket of six major currencies, rises toward 98.30, also supported by increasingly hawkish expectations regarding the Federal Reserve’s (Fed) monetary policy. Investors are now awaiting the release of the US Consumer Price Index (CPI) for April. Consensus expects an

The post Swiss Franc regains traction as USD eases from intraday highs amid stalled US-Iran negotiations appeared on BitcoinEthereumNews.com. The Swiss Franc (CHF) regains traction against the US Dollar (USD) on Monday, with USD/CHF pulling back after opening the week with a bullish gap as the Greenback gives up part of its earlier gains while traders continue to monitor developments in the Middle East. At the time of writing, the pair is trading around 0.7773 after touching an intraday high near 0.7795, though it remains up about 0.12% on the day. The pullback in USD/CHF appears largely technical in nature as traders partially fill the bullish opening gap. However, the US Dollar’s downside remains limited as fading hopes for a near-term resolution to the US-Iran conflict support safe-haven demand for the Greenback. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 97.88 after hitting an intraday high near 98.15. U