USD/CHF climbs to near 0.8750 amid strength in Greenback, US Manufacturing PMI eyed – by Sagar_Dua24 USDCHF Fed PMI Inflation DollarIndex
ing the footprints of the US Dollar Index . Fears of global recession improve the appeal of the US Dollar, making it a safe-haven asset.
S&P500 futures posts some losses in Europe, portraying caution among market participants amid Q2 corporate earnings season. US equities remained choppy on Monday as investors remain cautious ahead of labor market data, which will be published this week.Index extends its three-day winning streak as Federal Reserve policymakers remain confident about more interest rate hikes amid tight labor market conditions.
Meanwhile, investors are awaiting the United States Manufacturing PMI to be reported by the Institute of Supply Management . As per the estimates, US factory activities remained higher in July at 46.5 but continued its placement in the contracting phase. It is worth noting that a figure below 50.0 is considered contracting.
Markets in the Swiss economy are closed on Tuesday on account of the National Holiday, therefore, investors will focus on US economic calendar for guidance. Later this week, Swiss July data will remain in focus. As per expectations, monthly inflation deflated by 0.1% vs. an expansion of 0.1% recorded for June. Annual inflation softened to 1.6% against the former release of 1.7%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CHF holds steady above 0.8700 mark, closer to two-week high set last FridayThe USD/CHF pair attracts some buying following an intraday dip to sub-0.8700 levels during the Asian session and climbs back closer to over a two-wee
Read more »
Asia markets poised to rise ahead of business activity surveys out of ChinaChina will see both manufacturing and non-manufacturing activity data from its national bureau of statistics
Read more »
Asia markets rise ahead of business activity surveys out of ChinaChina will see both manufacturing and non-manufacturing activity data from its national bureau of statistics
Read more »
China's NBS Manufacturing PMI rises to 49.3 in July vs. 49.2 expectedAccording to the latest data published by China’s National Bureau of Statistics (NBS) on Monday, the country’s official Manufacturing Purchasing Manag
Read more »
China's Caixin Manufacturing PMI contracts to 49.2 in July vs. 50.3 expectedChina's Caixin Manufacturing Purchasing Managers' Index (PMI) returned to contraction, coming in 49.2 in July as against the 50.5 reading registered i
Read more »
Asia markets largely set to rise ahead of private manufacturing activity surveysInvestors will also be watching the Reserve Bank of Australia, which is expected to hike rates again today.
Read more »