The USD/CHF pair trades flat around 0.9125 during the early European session on Wednesday.
USD/CHF trades on a flat note near 0.9125 in Wednesday’s early European session. The US CB’s Consumer Confidence rose to 102.0 in May from 97.5 in April, better than the estimated. The Swiss GDP growth number is estimated to grow by 0.3%.QoQ in Q1. Traders remain cautious ahead of the crucial inflation readings this week. Later on Wednesday, the Fed’s Beige Book will be released, and the Fed’sJohn Williams is scheduled to speak.
Switzerland’s State Secretariat for Economic Affairs will report the nation’s Gross Domestic Product on Thursday. The GDP growth number for the first quarter of 2024 is estimated to expand by 0.3%.QoQ in Q1. If the report shows a stronger-than-expected reading, this could provide some support to the Swiss Franc .
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