USD/CHF struggles to defend post-Fed rally above 1.0000 ahead of Swiss Inflation, US ISM PMI – by anilpanchal7 USDCHF Inflation Fed PMI RiskAppetite
n Market Committee announcements. That said, the Swiss currency pair picks up bids to 1.0030 by the press time. In addition to the post-Fed calm, the anxiety ahead of the Swiss Consumer Price Index data for October and the US ISM Services PMI for the said month also challenge the pair buyers of late.
Also helping the USD/CHF bulls were geopolitical fears surrounding Taiwan and Ukraine, as well as the covid woes emanating from China. Furthermore, the strong points of the US ADP Employment Change for October, to 239K versus 195K expected and a revised down prior figures of 192K, also propelled the quote.
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