USD/CHF drops back towards 27-month low with eyes on Swiss, US inflation clues – by anilpanchal7 USDCHF RiskAppetite Inflation Fed Currencies
weakness. It’s worth noting that the pair’s further downside appears limited amid the market’s cautious tone ahead of the key Swiss and US inflation numbers.
The greenback’s latest losses could be linked to the recently downbeat US inflation data as it rules out the need for higher Federal Reserve That said, On Thursday, the US Producer Price Index for March dropped to a four-month low of -0.5% MoM versus 0.0% expected and prior whereas the PPI YoY also declined to 2.7% from 4.9% previous readouts, versus market forecasts of 3.0%. Previously, the Consumer Price Index , dropped to the lowest level since May 2021, to 5.0% YoY in March from 6.
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