The USD/CHF pair begins the week with minimal losses as risk aversion continues in the driver’s seat. US Wholesale inventories were unchanged in March, jumping 9.1% annually despite a first-quarter decline.
Traders are eying the Fed’s Senior Loan Officer Survey alongside US inflation data. The USD/CHF pair commenced the week with minimal losses of 0.15%, even though the latest round of inflation data in Switzerland suggested that the Swiss National Bank (SNB) could adopt a less hawkish approach.
The latest United States (US) data flashed a solid labor market, though traders are eyeing inflationary data during the week. At the time of writing, the USD/CHF is trading at 0.8897, below its opening price by 0.09%.
US equities trend lower, reflecting a sour mood with investors seeking safety moved to the CHF. The USD/CHF is set to continue to slump during the day, as the US Dollar Index (DXY), a gauge of the buck’s value vs. a basket of six currencies, is down 0.02%, at 101.190. US equities trend lower as investors are eying the latest Senior Loan Officer Survey (SLOOS) revealed by the Fed amidst the ongoing US banking turmoil.
Tags FED inflation labour market us equities USD/CHF
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