USD/CHF sustains above 0.9400 amid dismal market mood, US Employment eyed – by Sagar_Dua24 USDCHF RiskAversion Employment Fed SNB
om Federal Reserve chair Jerome Powell. The Swiss franc asset is expected to resume its upside journey towards the critical resistance of 0.9435 as investors have underpinned the risk aversion theme amid solid chances of moreS&P500 futures are displaying nominal gains after a bearish Tuesday, portraying a dead cat bounce in the overall risk-off mood. The has refreshed its three-month high above 105.60 as the risk appetite of the market participants have squeezed dramatically.
Incoming data from the US economy is critically resilient, which is capable of halting the declining trend of inflation. Therefore, more rates are highly required to tame stubborn inflation. Investors will get more clarity after the release of the US ADP Employment data. The street is anticipating a jump in employment numbers by 200K in February, higher than January’s figure of 106K.
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