The USD/CHF pair trades directionless around 0.8950 in the European session. The Swiss Franc asset struggles to find a decisive move as investors shif
t focus to the interest rate decision by the Federal Reserve and the Swiss National Bank , which will be announced next week.
S&P500 futures added some gains in the London session, portraying ease in the risk-off profile after upbeat Chinese economic data receded worries about a global economic slowdown. China’s annual Industrial Production rose by 4.5% and Retail Sales expanded by 4.6%, outperformed expectations. The US Dollar Index corrected gradually to near 105.20 from its six-month high of 105.43 amid some improvement in theof the market participants. The US Dollar failed to capitalize on strong Retail Sales data for August as it was majorly driven by higher gasoline prices. Meanwhile, US President Joe Biden vowed to bring down gasoline prices, which rose 106% in August.
After stickier headline consumer inflation and Producer Price Index , investors see the impact of rising gasoline prices limited on inflation, which would discourageOn the Swiss Franc front, investors keenly focus on the SNB, which will be announced on Thursday. The SNB is expected to maintain a hawkish tone as inflation in the Swiss economy has not come confidently below 2%. SNB Chairman Thomas J.
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