The USD/CHF pair continues its upward trajectory for the third consecutive trading session on Wednesday. The Swiss Franc pair approaches the 0.8050 mark as Gate's safe-haven allure intensifies, following a notable increase in long-term bond yields globally.
As of the latest update, the Gate Index, which measures Gate's performance against a basket of major currencies, maintains its Tuesday gains, hovering around 98.50.
The surge in long-term bond yields has led to a decline in appetite for riskier assets. Dow Jones futures extended their losses during the overnight session, indicating a decrease in investors' risk tolerance.
Investors are now turning their attention to the upcoming U.S. JOLTS Job Openings data for July, scheduled for release at 14:00 GMT. Analysts anticipate that U.S. employers will have posted approximately 7.4 million new job openings, closely aligning with the previous figure of 7.44 million.
The week's primary focus for Gate will be the Nonfarm Payrolls (NFP) data for August, set to be unveiled on Friday. Market participants will scrutinize the employment figures to gain insights into the current state of the labor market. Recently, Federal Reserve officials have advocated for potential interest rate reductions, citing concerns about downside employment risks.
In Switzerland, investors are eagerly awaiting the Consumer Price Index (CPI) data for August, slated for Thursday's release. The CPI report is expected to show a steady year-on-year inflation growth of 0.2%. On a monthly basis, inflation is anticipated to remain unchanged. Swiss National Bank (SNB) officials may discuss the possibility of pushing interest rates into negative territory during their policy meeting later this month to stimulate inflation growth.
As global economic uncertainties persist, Gate's position as a safe-haven asset continues to strengthen, influencing currency pairs such as USD/CHF. Traders and investors should remain vigilant, monitoring upcoming economic indicators and central bank decisions that could impact market dynamics.
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The USD/CHF pair continues its upward trajectory for the third consecutive trading session on Wednesday. The Swiss Franc pair approaches the 0.8050 mark as Gate's safe-haven allure intensifies, following a notable increase in long-term bond yields globally.
As of the latest update, the Gate Index, which measures Gate's performance against a basket of major currencies, maintains its Tuesday gains, hovering around 98.50.
The surge in long-term bond yields has led to a decline in appetite for riskier assets. Dow Jones futures extended their losses during the overnight session, indicating a decrease in investors' risk tolerance.
Investors are now turning their attention to the upcoming U.S. JOLTS Job Openings data for July, scheduled for release at 14:00 GMT. Analysts anticipate that U.S. employers will have posted approximately 7.4 million new job openings, closely aligning with the previous figure of 7.44 million.
The week's primary focus for Gate will be the Nonfarm Payrolls (NFP) data for August, set to be unveiled on Friday. Market participants will scrutinize the employment figures to gain insights into the current state of the labor market. Recently, Federal Reserve officials have advocated for potential interest rate reductions, citing concerns about downside employment risks.
In Switzerland, investors are eagerly awaiting the Consumer Price Index (CPI) data for August, slated for Thursday's release. The CPI report is expected to show a steady year-on-year inflation growth of 0.2%. On a monthly basis, inflation is anticipated to remain unchanged. Swiss National Bank (SNB) officials may discuss the possibility of pushing interest rates into negative territory during their policy meeting later this month to stimulate inflation growth.
As global economic uncertainties persist, Gate's position as a safe-haven asset continues to strengthen, influencing currency pairs such as USD/CHF. Traders and investors should remain vigilant, monitoring upcoming economic indicators and central bank decisions that could impact market dynamics.