The 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.
USD: Chicago Fed National Activity Index: -0.53 against the previous -0.23.
USD: Existing Home Sales: Month on month change was 0.6% and though less than the expected 1.5% but was better than the previous -0.2%.
USD: Jobless Claims: Initial claims were 340K and hence positive as compared to the consensus (345K) as well as the previous 363K. Same with the continuing claims of 2.912 million against the expected 3.0 million and previous 3.024 million.
USD: Markit Manufacturing PMI (preliminary): 51.9 and little better than the expected 51.8 but less than the previous 52.1.
USD: Housing Price Index (MoM): 1.3%, positive as compared to the consensus (0.8%) as well as the previous 0.9%.
USD: New Home Sales: 0.454 million, positive as compared to the consensus (0.425 million) as well as the previous 0.444 million.
USD: Durable Goods Orders: 3.3%, quite positive as compared to the consensus (1.5%) as well as the previous -5.9%.
CHF: SNB chairman Jordon mentioned in his speech about economic uncertainties because of overall global economic outlook and also mentioned that the SNB will continue to enforce the minimum exchange rate with the utmost determination and, if required, is prepared to buy foreign currency in unlimited quantities for this purpose
CHF: No important economic releases from Switzerland during past one week.
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