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USD/CHF falls to 0.9524/25 after US personal spending

The USD/CHF fell lower Friday, establishing fresh session lows ahead of US trading, following the publication of mixed US data.

In the United States, Personal Spending (April) fell -0.2%, against expectations of +0.1%. In addition, Core Personal Consumption Expenditure – Price Index (YoY) climbed +1.1% in April, vs. projections of +1.0%. Finally, Personal Income (MoM) was reported at 0.0% in April, against estimates of +0.1%.

With the pair operating at -0.07% below it’s opening, the USD/CHF is slated to face supportive correction at 0.9497, then 0.9449, and finally 0.9372. On the ascension, resistive structures will trigger at 0.9622, onto 0.9699, and finally 0.9747, according to the Mataf.net analyst team. Presently, the pair is operating at 0.9638/40.

US Apr Core Personal Consumption Expenditure - Price Index (MoM) decreases to 0%; 1.1% (YoY)

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