USD/CHF side-ways trade comfortably above the 100-day SMA

Share:

• USD/CHF continues to consolidate above the 100-day SMA trading neutral at 0.8910.
• Markets turned cautious ahead of the inflation readings from August from the US.
• Risk aversion is strengthening the USD.

On Tuesday’s sessions, the USD/CHF tallied mild gains and traded near 0.8910. The USD is recovering ground after two consecutive days of trading weak against most of its rivals, while US yields are trading mixed in anticipation of Wednesday’s Consumer Price Index (CPI) from August. On the CHF’s side, the Swiss calendar had nothing relevant to offer in the session.