USD/CHF aims to regain 0.9500 amid downbeat risk profile, Swiss GDP eyed – by anilpanchal7 USDCHF RiskAppetite GDP Fed Currencies
China-linked woes join pre-data anxiety to favor USD/CHF bulls.Headlines surrounding China are also important for clear directions.retreats from intraday high but stays on the bull’s radar for the third consecutive day, near 0.9465 heading into Monday’s European session. In doing so, the Swiss Franc pair portrays the market’s risk-off mood ahead of the key data/events scheduled for publishing this week.
On the other hand, the cautious mood ahead of Switzerland’s third quarter Gross Domestic Product , expected to grow by 1.0% YoY versus 2.8% prior growth, also seemed to have favored the USD/CHF bulls of late.may sound hawkish during his firmer publish appearance since the November meeting, while also signaling the easy rate hikes, appear to have offered additional strength to the USD/CHF bulls.
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