12.03.2020 USD / CHF Daily Analysis

12.03.2020 USD / CHF Daily Analysis

The USD/CHF pair has been trading in the 0.93- bracket over two trading sessions now. The markets opened early Thursday morning with $1 going for 0.9391 CHF. The pair, however, is currently trading at a lower price than the opening price, with $1 dollar being traded for 0.9385.  Trump's action plan of containment of the coronavirus according to investors, was not detailed or clear enough, hence investors seemed to be disappointed, resulting in the fall of the USD.   On the economic calendar, today is the release of the US PPI(Producer Price Index), which measures the changes in selling prices of domestic products. from the producer's perspective.PPI is an indicator of the rate of inflation. A higher PPI would mean bullish for the USD and a low PPI would be bearish for the USD