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11.03.2020 USD/CHF Analysis

The USD/CHF pair increased by 1.26% from 0.9252 CHF per $1 to 0.9369 CHF per $1 due to news of Trump cutting Payroll taxes to reduce the

Yazar: Zack Smith

Yayınlanma: 12 Mart 2020 00:42

Güncellenme: 24 Nisan 2024 05:47

11.03.2020 USD/CHF Analysis

  The USD/CHF pair increased by 1.26% from 0.9252 CHF per $1 to 0.9369 CHF per $1 due to news of Trump cutting Payroll taxes to reduce the effects of the virus. Early Wednesday however, the USD fell again from 0.9369 CHF per dollar to 0.9345 CHF per dollar. The USD dollar keeps falling despite the efforts being made to save it and with every news about new infections, especially in the US, the USD is affected. One event that investors look forward to today, is the Core CPI report from the US. The CPI measures the changes in prices of goods and services with the exception of food and energy. A higher than expected CPI would mean an improvement in purchasing trends, hence bullish for the USD.
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