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11.03.2020 USD / CHF Daily Analysis

However, early Wednesday, the USD fell back to 0.9369 per dollar, while it fell from CHF to 0.9345 CHF per dollar.

11.03.2020 USD / CHF Daily Analysis
Yazar: Zack Smith

Yayınlanma: 12 Mart 2020 19:32

Güncellenme: 8 Kasım 2024 02:32

11.03.2020 USD / CHF Daily 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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