- The Swiss franc shows potential for strength as the Swiss National Bank’s easing pace is expected to slow compared to other central banks.
- The upcoming U.S. Consumer Price Index (CPI) report, with a projected rise in headline inflation, could significantly influence the USDCHF currency pair.
The recent strengthening of the U.S. dollar could present both opportunities and challenges for European currencies.
In a note to clients on Monday, George Saravelos, Deutsche Bank’s global head of FX research, expressed a bearish outlook on both the euro and the British pound. However, he was optimistic about the Swiss franc, anticipating the Swiss National Bank’s pace of easing to slow compared to other central banks.
Meanwhile, the USDCHF moved lower earlier today, with the price falling below its 100-hour moving average. Looking ahead, the upcoming U.S. Consumer Price Index (CPI) report could influence the pair.
The headline CPI is projected to rise to 2.8% in December from 2.7% in the previous month, while the core rate is expected to remain steady at 3.3% during the same period.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
