{"id":144517,"date":"2023-09-01T15:57:23","date_gmt":"2023-09-01T10:27:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=144517"},"modified":"2023-09-01T15:57:23","modified_gmt":"2023-09-01T10:27:23","slug":"usd-chf-holds-ground-near-0-8800-after-soft-swiss-survey-expectations-us-data-eyed-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-chf-holds-ground-near-0-8800-after-soft-swiss-survey-expectations-us-data-eyed-crypto-news\/","title":{"rendered":"USD\/CHF holds ground near 0.8800 after soft Swiss Survey Expectations, US data eyed &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>USD\/CHF rebounds due to downbeat Swiss economic data.<\/strong><\/li>\n<li><strong>Investors will monitor Switzerland\u2019s inflation data, seeking further cues on interest rate hikes by SNB.<\/strong><\/li>\n<li><strong>Market participants await US economic data to gain a clearer insight into the Fed policy decision.<\/strong><\/li>\n<\/ul>\n<p>USD\/CHF rebounds from losses registered in the previous two days, trading around 0.8800 psychological level at the time of writing during the European session on Wednesday. The pair is experiencing upward pressure due to Switzerland\u2019s downbeat ZEW Survey \u2013 Expectations (Aug) released on Wednesday. The report showed a reading of -38.6 against the market consensus of -31.3 and from the previous -32.6 figure.<\/p>\n<p>As per Credit Suisse, the majority of analysts anticipate that the Swiss National Bank (SNB) will execute another increase in its key interest rates during the third quarter (Q3), given the expected upsurge in inflation projected for the upcoming autumn season. Moreover, the Swiss Consumer Price Index (CPI) will be released on Friday, which is expected to slow down in August. Market participants will observe the inflation figure to better understand the further monetary policy decision by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/snb\">SNB<\/a>.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">US Dollar Index<\/a> (DXY) treads waters around 103.70, recovering from the recent losses. This turnaround can be attributed to the rebound in US Treasury yields, which is offering support to the US Dollar. It&#8217;s worth noting that the prevailing dovish sentiment surrounding the policy stance of the US Federal Reserve (Fed) is contributing to a weakening of the Greenback.<\/p>\n<p>During the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Jackson Hole<\/a> Symposium, Fed Chairman <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Jerome Powell<\/a> emphasized that any future decisions regarding interest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a> will be guided by data-driven <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/analysis\">analysis<\/a>. As a result, investors are set to closely monitor the upcoming US economic data, aiming to attain a more comprehensive understanding of the economic path of the United States (US).<\/p>\n<p>Wednesday&#8217;s macroeconomic schedule highlights important events, notably the unveiling of US ADP Employment Change statistics for August and the preliminary Gross Domestic Product Annualized data for the second quarter (Q2). These datasets are expected to have a substantial influence on shaping strategies before engaging in fresh <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/trading-positions\">trading positions<\/a> on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdchf\">USD\/CHF<\/a> pair.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/CHF rebounds due to downbeat Swiss economic data. Investors will monitor Switzerland\u2019s inflation data, seeking further cues on interest rate hikes by SNB. Market participants await US economic data to gain a clearer insight into the Fed policy decision. USD\/CHF rebounds from losses registered in the previous two days, trading around 0.8800 psychological level [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,333,277,252,247,253,249,597,256,254],"class_list":["post-144517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-macroeconomics","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=144517"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144517\/revisions"}],"predecessor-version":[{"id":144518,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144517\/revisions\/144518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/13245"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=144517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=144517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=144517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}