Market news

Show news:


14.10.2021 09:43

USD/CHF defends weekly lows near 0.9230 amid USD broad-based sell-off

  • USD/CHF grinds lower on Thursday in the Asian session.
  • Lower US Treasury yields pull US dollar near 94.00.
  • Swiss franc gains limited on risk-on sentiment.

The USD/CHF pair edges lower on Thursday in the Asian session. The pair fell from the high above 0.9300 in the US session in more than 70-pip movement. At the time of writing, USD/CHF is trading at 0.9235, down 0.05% for the day.

The move was sponsored by the sell-off in the greenback. Investors digested higher US Consumer Price Index (CPI) and insights of the FOMC minutes. The US CPI edged up 5.4% in September, beating market expectations of 5.3%. In addition to that, the minutes from the September FOMC meeting suggested that the policymakers on the course of the gradual tapering process from mid-November that should be concluded around the middle of 2022. 

Meanwhile, US Federal Reserve Governor Michelle Bowman also supported the beginning of the withdrawal of some of the US central bank’s crisis-era support for the economy as soon as November. The greenback remained unfazed by the comments.

As for now, traders are looking for Swiss Producer and Import Prices, US Producer Price Index (PPI), and US Initial Jobless Claims to take fresh trading insight.

USD/CHF additional levels


 


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

October 2021
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00