USD/CHF finds cushion around 0.9100 as focus shifts to US Inflation – by Sagar_Dua24 USDCHF Fed SNB Inflation DollarIndex
ing strength to extend its recovery above the immediate resistance of 0.9127. However, the upside looks capped as the collapse of Silicon Valley Bank has limited the expectations of a bumper pace in the policy-tightening regime by the Federal Reserve , as expected earlier, to tame the stubborn inflation.
The Fed on Sunday announced it would make additional funding available through a new Bank Term Funding Program, which would offer loans of up to one year to depository institutions, backed by Treasuries and other assets these institutions hold, as reported by Reuters. In times, when firms and households are losing confidence in the United States banking system, the street considers that a halt or a continuation of the slowdown in the policy-tightening pace by Fed chairAfter the catastrophic collapse of SVB, investors are shifting their focus on the US Consumer Price index data, which will provide direction to the FX domain ahead.and continued pressure in core categories suggest that prices rose by an uncomfortably fast 0.4% in February.
kick in, but continued pressure in core services outside of the shelter, in line with the tight labor market, will keep the Fed on a tightening path. has shown some tough fight after dropping to near 103.50 as bulls are reluctant to go downside further ahead of the US inflation release. S&P500 futures have shown some decent gains after a choppy session that ended with marginal losses. This shows a recovery in the risk appetite theme but a broad-based caution cannot be ruled out. The return offered on 10-year US Treasury yields has dropped sharply to 3.54%. is expected to show a deceleration of 0.1%, which indicates a decline in the households’ demand that has forced producers to trim prices of goods and services offered at factory gates.
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