The USD/CHF pair loses traction during the Asian trading hours on Wednesday. That being said, the geopolitical conflicts in the Middle East continue t
USD/CHF trades in negative territory around 0.8928, despite the upbeat US data. The US Purchasing Management Index data for October came in better than expected. The rising geopolitical tension in the Middle East might boost the CHF. Market players will monitor the Swiss ZEW Survey Expectations for October ahead of the US growth numbers. o hang over the market and benefit Swiss France . The pair currently trades near 0.8928, down 0.05% on the day.
The stronger-than-expected data could lift the Greenback and act as a tailwind for the USD/CHF pair. On the other hand, the rising tension in the Middle East might cap the upside of the pair and boost the safe-haven assets like Swiss France. Last week, the Swiss Trade surplus widened more than expected in September. Trade Balance arrived at 6,316M versus 3,814M seen in the previous month, above the market consensus of 3,770M.
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