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Indonesia News Portal for Traders | Financial & Business Updates

6 January 2025 15:15  |

USD/CHF remains below 0.9100 following Swiss Real Retail Sales

USD/CHF steadied after posting losses in the previous session, trading around 0.9100 for Asia on Monday (1/6). The currency pair moved little following the release of Swiss Real Retail Sales, which rose 0.8% year-on-year in November, lower than the expected increase of 1.2% from the previous reading of 1.5%.

Traders will likely keep an eye on the country’s Consumer Price Index (CPI) and Foreign Currency Reserves for December on Tuesday.

Last week, the SVME Manufacturing Purchasing Managers’ Index (PMI) fell slightly to 48.4 in December, down from 48.5 in November but slightly beating market expectations of 48.3.

The Swiss franc (CHF), a traditional safe-haven currency, has found support from rising geopolitical tensions in the Middle East and the ongoing Russia-Ukraine conflict. Last week, Russia launched a drone attack on the Ukrainian capital, Kyiv, early Wednesday on New Year's Day, killing two people, injuring at least six and damaging buildings in two districts. (AL)

Source: FXstreet

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