The USD/CHF pair continues its six-day losing spell and drops to near the psychological support of 0.9000. A steep sell-off in the Swiss Franc asset c
USD/CHF drops vertically to near 0.9000 as the US Dollar remains soft. Investors expect that the impact of the Israel-Hamas conflict would be lower if more players do not intervene. The US PPI report remained hotter than anticipated due to higher gasoline and food prices. ame due to the soft US Dollar as investors are anticipating that the Federal Reserve will keep interest rates unchanged in November. This would buy some time to assess the impact of interest rate hikes till done.
The Producer Price Index report for September, released on Wednesday, remained hotter than anticipated due to higher gasoline and food prices while prices of core goods and services declined at factory gates. About the US consumer inflation, investors have forecasted that headline and core inflation grewby 0.3% on a monthly basis in September. The annual core Consumer Price Index is seen declining to 4.1% from the former reading of 4.3%.
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