USD/CHF struggles to gain ground around 0.8930, focus on Swiss, US data
The USD/CHF pair snaps a two-day winning streak during the early Asian trading hours on Thursday. Meanwhile, the US Dollar Index (DXY), a measure of t
Source: fxstreet.com
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USD/CHF retraces the intraday losses ahead of US data, trades around 0.8930
USD/CHF has almost recovered from the intraday losses, trading around 0.8930 during the European session on Thursday. However, the pair remains under
Source: fxstreet.com
Euro Stumbles on Dovish ECB Hike, Dollar Rides on Strong Data
In a twist of events today, Euro takes a considerable hit following ECB's dovish rate hike which communicated a possibly peak in the tightening cycle. The downgrading of core CPI and GDP growth forecasts for the coming years - 2024 and 2025 - further aggravates the descent. This bearish sentiment spills over to Sterling and Swiss Franc, painting a subdued picture for European majors across the board.
Source: actionforex.com
Newsquawk Week Ahead 11th-15th September
Highlights include UK Jobs, US CPI & Retail Sales, ECB and Chinese Data
Source: forexlive.com
Germany Import Prices Fall Most Since 1987
Germany's import prices registered its biggest fall since 1987 in July largely due to base effects, data released by Destatis showed on Wednesday. Import prices were down 13.
Source: rttnews.com