USD/CHF marches toward 0.8700 as safe-haven flows to the Swiss Franc have diminished.
Investors divide over the size of Fed’s interest-rate cuts in September.
Investors await the US PPI and CPI data for July, which will be published at 12:30 GMT and Wednesday, respectively.
The USD/CHF pair gains to near 0.8675 in Tuesday’s European session. The Swiss Franc asset strengthens as the appeal of the Swiss Franc as a safe-haven asset diminishes due to waning risks of the United States (US) entering a recession.
Fears of a potential US recession faded after upbeat weekly Initial Jobless Claims. Also, the think tank discussed that the Nonfarm Payrolls (NFP) data for July was not as bad as exhibited by sheer sell-off in global equities.
Currently,
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