As the US dollar trades steadily, USD/CHF maintains its gains at 0.7970.
The US dollar has become more appealing as trade tensions between the US and China have decreased.
The September US CPI report is anticipated by investors.
Wednesday's Asian trading session sees the USD/CHF pair trading steadily close to Tuesday's high of 0.7970. As the US dollar (USD) trades largely unchanged on expectations that the US and China will soon strike a trade agreement, the Swiss franc pair shows strength.
The US Dollar Index (DXY), which measures the value of the US dollar relative to six other major currencies, is currently trading steadily close around 98.90.
President Donald Trump's statement earlier this week that he hoped to make a fair deal with China during his meeting with leader Xi Jinping in South Korea later this week heightened anticipation about the US and China coming to an agreement.
On Tuesday, though, US President Trump voiced some minor reservations about the possibility of the meeting with Beijing.
On the home front, investors are anticipating Saturday's delayed release of the US Consumer Price Index (CPI) data for September. The prolonged US government shutdown has caused a delay in the inflation figures. Economists predict that core inflation will have increased gradually by 3.1%, while headline inflation in the US will have expanded at an annual pace of 3.1%, up from 2.9% in August.
As investors look for further indications on whether the Swiss National Bank (SNB) would drive interest rates into negative territory despite adverse inflation risks, the Swiss Franc (CHF) is performing inconsistently. The Swiss CPI deflated by 0.2% in September after declining by 0.1% in August.
The US dollar has become more appealing as trade tensions between the US and China have decreased.
The September US CPI report is anticipated by investors.
Wednesday's Asian trading session sees the USD/CHF pair trading steadily close to Tuesday's high of 0.7970. As the US dollar (USD) trades largely unchanged on expectations that the US and China will soon strike a trade agreement, the Swiss franc pair shows strength.
The US Dollar Index (DXY), which measures the value of the US dollar relative to six other major currencies, is currently trading steadily close around 98.90.
President Donald Trump's statement earlier this week that he hoped to make a fair deal with China during his meeting with leader Xi Jinping in South Korea later this week heightened anticipation about the US and China coming to an agreement.
On Tuesday, though, US President Trump voiced some minor reservations about the possibility of the meeting with Beijing.
On the home front, investors are anticipating Saturday's delayed release of the US Consumer Price Index (CPI) data for September. The prolonged US government shutdown has caused a delay in the inflation figures. Economists predict that core inflation will have increased gradually by 3.1%, while headline inflation in the US will have expanded at an annual pace of 3.1%, up from 2.9% in August.
As investors look for further indications on whether the Swiss National Bank (SNB) would drive interest rates into negative territory despite adverse inflation risks, the Swiss Franc (CHF) is performing inconsistently. The Swiss CPI deflated by 0.2% in September after declining by 0.1% in August.
