USD/CHF tumbles below 1.0020 as DXY weakens, the spotlight is on US Retail Sales
16.05.2022, 22:22

USD/CHF tumbles below 1.0020 as DXY weakens, the spotlight is on US Retail Sales

  • USD/CHF has slipped below 1.0020 ahead of the US Retail Sales.
  • A light economic calendar has brought some exhaustion to the DXY’s rally.
  • The quarterly Swiss Industrial Production will be the major trigger for the Swiss franc.

The USD/CHF pair has witnessed a minor correction after printing a fresh two-year high of 1.0064 on Monday. A rebound in the risk-on impulse has supported the risk-perceived currencies, which has underpinned the Swiss franc against the greenback.

The US dollar index (DXY) has remained firmer over the past few trading weeks amid expectations of two more 50 basis points (bps) rate hikes by the Federal Reserve (Fed) in its next monetary policy meetings. Now, the unavailability of any major trigger in the US economic calendar has brought some profit-booking to the counter.

The DXY is facing some signs of exhaustion after hitting a 19-year high of 105.00 last week. In today’s session, investors will keep an eye on US Retail Sales. The monthly Retail Sales figure is seen at 0.7% against the prior print of 0.5%. A higher-than-expected figure may support the DXY and renewal of a multi-year high could be seen.

On the Swiss franc front, a prolonged prudent monetary policy by the Swiss National Bank (SNB) to support the aggregate demand will continue to keep the Swiss franc on the sidelines. Inflation levels are rock-bottom, which may not compel SNB policymakers to adopt a hawkish tone. Going forward, the Swiss Statistics will report the quarterly Industrial production data on Friday. Previously, the Swiss agency reported the quarterly Industrial Production at 7.3%.

 

                                   

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik