- USD/CHF drops as US core PCE rose by 4.6% YoY, below the previous month.
- The University of Michigan’s Consumer Sentiment was below expected.
- USD/CHF Price Analysis: Presses toward 0.9100, but sellers struggle to break that support below.
USD/CHF falls to a new weekly low below 0.9126, sponsored by economic data from the United States (US) showing that inflation is cooling down. Hence, bets that the US Federal Reserve (Fed) might pause its tightening cycle, increasing, meaning the greenback would be under pressure. At the time of writing, the USD/CHF is trading at 0.9127, below its opening price.
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