The USD/CHF pair attempted recovery below the psychological level of 0.9000 in the European session. The broader outlook of the Swiss Franc asset is s
USD/CHF aims to defend the crucial support of 0.9000 amid a risk-off market mood. The US Dollar remains well supported above 106.00 due to strong Retail Sales data. Robust US Retail Sales were prompted by upbeat demand for automobiles, rising dining out, and higher gasoline prices. till bearish as the US Dollar is struggling to extend recovery despite robust United States Retail Sales data.
Robust retail sales were prompted by upbeat demand for automobiles, rising dining out, and higher gasoline prices. Going forward, investors will keep watch for Federal Reserve Chair Jerome Powell’s speech on Thursday. Investors seem baffled whether Jerome Powell would join his colleagues who support neutral interest rate guidance or will remain hawkish on the policy outlook. On the Swiss Franc front, the appeal for the currency remains upbeat amid rising conflicts between Israel and Palestine.
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