USD/CHF climbs to 0.9070 after the release of the softer-than-expected Swiss CPI report. Swiss soft inflation data has boosted expectations of more rate cuts by the SNB . The US Dollar exhibits weakness ahead of the US NFP report. The Swiss Franc asset strengthens as softer-than-expected Switzerland Consumer Price Index data for March has boosted expectations of one more interest rate cut by the Swiss National Bank .
The US Dollar Index , which tracks the US Dollar’s value against six major currencies, falls to 104.12. The Institute of Supply Management reported that the Services PMI fell to 51.4 from expectations of 52.7 and the former reading of 52.6. Also, subindexes such as New Orders and Prices Paid eased significantly. Going forward, investors will focus on the US Nonfarm Payrolls data for March, which will be published on Friday.
Fed SNB Dollarindex Inflation
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