FXstreet.com (Barcelona) - Having made a weekly high of 0.9607 following soft European PMI and Retail Sales figures, USD/CHF has sharply retraced 30 pips.
EU Retail Sales came in softer than analyst expectations at -1.7% YoY but in line on a MoM basis alongside a successful German 10 year Bond Auction causing some positive risk sentiment across markets. Currently trading at 0.9580, price looks to have found some support at the same point as during the Asia session. With the US economic calendar looking light this afternoon in terms of significant data, the BoC Interest Rate decision at 13:00 GMT may play a role in determining some further risk sentiment during the US session.
European Equities have moved into positive territory with The DAX up 0.76% whilst commodities stay under pressure and critical 10 year yields remain stable
EU Retail Sales came in softer than analyst expectations at -1.7% YoY but in line on a MoM basis alongside a successful German 10 year Bond Auction causing some positive risk sentiment across markets. Currently trading at 0.9580, price looks to have found some support at the same point as during the Asia session. With the US economic calendar looking light this afternoon in terms of significant data, the BoC Interest Rate decision at 13:00 GMT may play a role in determining some further risk sentiment during the US session.
European Equities have moved into positive territory with The DAX up 0.76% whilst commodities stay under pressure and critical 10 year yields remain stable
