⚡️USD/CHF pulls back from the highest levels since March. Improved US Treasury yields could limit the losses of the US Dollar. US Core PCE is due on Friday, expected to reduce from 4.2% to 3.9%. ⚡️ANZ Bank report revealed that CHF has become the top-performing currency among the G10 currencies. ⚡️USD/CHF continues to retrace the gains for the second consecutive day post ending a winning streak that began on September 19. The spot price trades around 0.9130 during the Asian session on Friday. The USD/CHF pair is under pressure after the moderate economic data from the United States (US).
⚡️US GDP kept consistent at 2.1% as expected. Initial Jobless Claims for the week ending on September 22, improved to 204K from the 202K prior, falling short of the 215K expected.
⚡️US Pending Home Sales showed a decline of 7.1%, exceeding the market expectation of a 0.8% fall, swinging from the 0.9% rise previously. ⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️
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⚡️ Important news from Monday to Friday, promising a stressful week ?
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⚡️Everything is going according to plan
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⚡️ USD/CHF holds above the 0.9200 mark following the Swiss CPI data. The Swiss Consumer Price Index (CPI) for September came in at 1.7% YoY vs. 1.6% prior, worse than expected.