USD/CHF stays depressed around mid-0.9300s ahead of Swiss GDP – by anilpanchal7 USDCHF GDP RiskAppetite Currencies Macroeconomics
weakness, allows the Swiss currency pair to consolidate the first monthly gain in four.
That said, That said, the US offers an olive branch to China companies despite its political differences with the dragon nation and hence allows the S&P 500 Futures to track Wall Street’s gains by the press time. “Despite fraying relations with Beijing, US President Joe Biden is expected to forego expansive new restrictions on American investment in China, denying a push by some hawks in his administration and Congress,” reported Politico late Monday.
On Monday, US Durable Goods Orders slumped -4.5% in January versus -4.0% expected and 5.1% prior. However, the Nondefense Capital Goods Orders ex Aircraft grew 0.8% versus 0.0% analysts’ expectations and -0.3% previous readings. On the same line, the US Pending Home Sales rallied 8.0% MoM versus 1.0% expected and 1.1% prior.
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