The USD\/CHF pair begins the week with minimal losses as risk aversion continues in the driver\u2019s seat. US Wholesale inventories were unchanged in March, jumping 9.1% annually despite a first-quarter decline.
Traders are eying the Fed\u2019s 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\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
The USD\/CHF pair begins the week with minimal losses as risk aversion continues in the driver\u2019s seat. US Wholesale inventories were unchanged in March, jumping 9.1% annually despite a first-quarter decline.Traders are eying the Fed\u2019s Senior Loan Officer Survey alongside US inflation data. The USD\/CHF pair commenced the week with minimal losses of 0.15%, even …<\/p>\n","protected":false},"author":13,"featured_media":32638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,7822,8439,7078],"class_list":["post-83742","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-labour-market","tag-us-equities","tag-usd-chf"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=83742"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83742\/revisions"}],"predecessor-version":[{"id":83780,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83742\/revisions\/83780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32638"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=83742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=83742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=83742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}