US Dollar-Swiss Franc (USD/CHF) Fundamental Outlook

Forex: US Dollar- Swiss Franc (USD/CHF)

USD/CHF fundamental outlook is updated weekly and is one of the base of the weekly analysis/forecast for USD/CHF. This is mainly derived from the recent major economic releases and news. The USD/CHF Economic Strength Meter at the bottom shows the relative strengths or weakness of the currencies depending on the recent economic releases/news.

US Dollar-Franc (USD/CHF) - Recent economic releases:

U.S. (USD): Monthly Budget Statement: USD -120B, negative as compared to the forecasts (US$ -114B) as well as the previous 75B U.S. Dollars.
U.S. (USD): Produce Price Index: Year on year change in PPI was 2.3% and though less than the consensus of 2.6%, it was better than the previous 2.1%. The year on year change in the PPI ex Food & Energy was 2.1% and less than the consensus of 2.5% and previous 2.3%. Month on month change was -0.2% and negative as compared to the forecasts (0.1%) as well as the previous 0.0%.
U.S. (USD): Retail Sales: Month on month change in retail sales (-0.3%) was negative as compared to the forecasts (-0.2%) as well as the previous 1.3%. The same with month on month retail sales ex autos which was 0.0% against the expected 0.2% and previous 1.2%.
U.S. (USD): Consumer Price Index: Year on year change 2.2% and positive as compared to the forecasts (2.1%) as well as the previous 2.0%. Month on month change 0.1% was same as the consensus but quite less than the previous 0.6%. Year on year change in the CPI ex Food & Energy was 2% and same as the consensus as well as the previous release.
U.S. (USD): Jobless Claims: Initial claims were 439K and hence quite negative as compared to the forecasts (375K) as well as the previous 361K. Same with the continuing claims which were 3.334M against the expected 3.210M and previous 3.163M.
U.S. (USD): Philadelphia Fed Manufacturing Survey: -10.7 and quite negative as compared to the forecasts (2.0) as well as the previous 5.7.
U.S. (USD): Net Long-Term TIC Flows: USD 3.3B and quite negative as compared to the forecasts (USD 75.0B) as well as the previous 90.3B U.S. Dollars.
U.S. (USD): Capacity Utilization: 77.8%, negative as compared to the forecasts (78.3%) as well as the previous 78.2%.

Swiss (CHF): Producer and Import Prices: The year on year change 0.4% was slightly less than the expected 0.5% and slightly higher than the previous 0.3%. Month on month change -0.1% was negative as compared to the forecasts (0.2%) as well as the previous 0.3%.
Swiss (CHF): ZEW Survey - Expectations: -27.9 and slightly better than the previous -28.9.

 

USD/CHF Outlook : Economic Releases (Strength Meter)

 

Immediate USD/CHF outlook based on recent economic releases

USD/CHF outlook

US Dollar-Franc Interest Rate Comparison
(For Carry Trades)
U.S. Dollar (USD)
0.25%
Swiss Franc (CHF)
0.00%
USD/CHF interest rate comparision
0.25%

 

Copyright ForexAbode All rights reserved.