- USD/CHF fall extends to a second day
- European equity indexes in the red
- Dollar index down to 93.00 levels, expects weekly Jobless Claims data
USD/CHF was trading 0.2 Percent down at 0.9102; the pair had gone above 0.9200 yesterday. The risk-averse market preferred to favour the CHF at the expense of the USD.
US Dollar Weak Ahead of The US session
The vaccine-related optimism seems to have waned today ahead of the vital data release from the euro-zone. The European equity indexes were down between 0.15 Percent and 1.1 Percent. Markets are expecting the data from Eurostat to show 15 Percent contraction in the euro area economy, during the second quarter.
In the US session, traders will watch out for the US Department of Labor’s weekly Initial Jobless Claims data. Before which, the US dollar index is down 0.4 Percent to touch 93.05. The weakness in the dollar is helping the bearishness in the USD/CHF.
S&P 500 futures are trading weak, and any significant downturn in the equities will boost the dollar and thereby strengthen the USD/CHF pair.
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