OctaFX | OctaFX Forex Broker
Open trading account

USD/CHF dips to lows post-CPI

FXStreet (Edinburgh) - The greenback is now losing the grip vs. the Swiss franc, relegating USD/CHF to lower band of the range around 09740.

USD/CHF a tad weaker after CPI figures

The pair has lost upside momentum after Swiss domestic consumer prices rose at a monthly pace of 0.1% during September, matching previous estimates and reverting at the same time August’s 0.2% contraction; over the last twelve months, prices have contracted 1.4%, in line with consensus.

Nothing else from the Swiss docket today, with the focus shifting to US trade balance figures and the speech by FOMC’s Williams due later today.

USD/CHF levels to consider

As of writing the pair is losing 0.13% at 0.9742 facing the next support at 0.9684 (55d-ema) followed by 0.9645 (low Oct.2) and finally 0.9600 (psychological level). On the other hand, a breakout of 0.9767 (high Oct.5) would aim for 0.9843 (September high) and then 0.9903 (multi-month tops Aug.11).

EUR/GBP: Fresh attempt at 0.74 in the making

The EUR/GBP is in the process of making fresh attempt at 0.74 handle in early Europe on account of the losses in the major European equity futures.
Read more Previous

US August trade deficit expected to widen sharply – Deutsche Bank

Jim Reid, Research Analyst at Deutsche Bank, suggests that the US trade deficit is expected to widen sharply (to $48bn from $41.9bn) in light of last week’s advance international trade data which showed a substantial deterioration in net exports.
Read more Next
Start livechat