USD/CHF stays pressured towards 0.9200 ahead of US PPI, Retail Sales

• USD/CHF holds lower grounds after posting the biggest daily loss in over a week.
• Softer US data probed US Dollar buyers even as upbeat yields, downbeat EUR probed greenback bears.
• Mixed sentiment, dovish Fed talks highlight the need for softer US data to keep USD/CHF bears on the table.

USD/CHF remains depressed as sellers approach the 0.9200 threshold, close to 0.9215 during the early hours of Wednesday’s Asian session. In doing so, the Swiss currency (CHF) pair cheers the US Dollar’s failure to benefit from upbeat Treasury bond yields and the softer Euro amid softer US data, as well as downbeat comments from the Federal Reserve (Fed) officials.

On Tuesday, the US Dollar Index (DXY) marked a dismal closing around 102.35, after an initially positive performance. That said, the US Treasury bond yields allowed the US Dollar to remain firmer, downbeat prints of the New York manufacturing data, namely the Empire State Manufacturing Index for December, probed the US Dollar bulls and put a floor under the Gold price. That said, the NY Fed’s business gauge dropped sharply in January to -32.9 versus -4.5 market forecasts and -11.2 prior readings.