USD/CHF defends 0.9220 ahead of US Retail Sale

  • USD/CHF edges higher on the last trading day of the week.
  • Lower US Treasury yields undermine the demand for the US dollar.
  • Fed tapering, inflationary concerns, and job data influence traders decisions.

The USD/CHF pair accumulates mild gains on Friday in the early Asian session. After testing the low near 0.9194 after the US PPI data, the pair managed to bounce back near 0.9250. At the time of writing, USD/CHF is trading at 0.9235, up 0.05% for the day.

The US benchmark 10-year Treasury yields trade at 1.51% on softer US Producer Price Index (PPI) readings. The PPI rises 0.5% in September, below the market expectations of 0.6%. Further, the Initial Jobless Claims falls to a new pandemic low at 293,000, much below the market consensus of 318,000. The greenback follows the US bond yields and remains pressured below 94.00. It is worth noting that, S&P 500 Futures are trading at 4,434, up 0.12% for the day.

In addition to that, the President and CEO of the Federal Reserve Bank of Philadelphia said he is not expecting rate hikes until late 2022, or early 2023. 

On the other hand, the Swiss franc loses momentum on higher inflation data. Switzerland’s producer and import prices jump 4.5% in September on a YoY basis. 

As for now, traders are looking for the US Retails Sales data to take fresh trading insight.

USD/CHF additional levels


Today last price 0.9236
Today Daily Change -0.0006
Today Daily Change % -0.06
Today daily open 0.9242
Daily SMA20 0.9278
Daily SMA50 0.9212
Daily SMA100 0.9163
Daily SMA200 0.913
Previous Daily High 0.931
Previous Daily Low 0.9235
Previous Weekly High 0.9318
Previous Weekly Low 0.9231
Previous Monthly High 0.9368
Previous Monthly Low 0.9116
Daily Fibonacci 38.2% 0.9264
Daily Fibonacci 61.8% 0.9282
Daily Pivot Point S1 0.9215
Daily Pivot Point S2 0.9188
Daily Pivot Point S3 0.914
Daily Pivot Point R1 0.929
Daily Pivot Point R2 0.9338
Daily Pivot Point R3 0.9365



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