Swiss retail sales decline by 2.3% Swiss inflation expected to dip to 1.5% US unemployment claims drop to 228,000 US PCE Price Index rises by 3.3% The Swiss franc has lost ground on Thursday. In the North American session, USD/CHF is trading at 0.8835, up 0.59%. Thursday’s Swiss retail sales for July looked awful, falling […]
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Fed Vice Chair Philip Jefferson indicated that with the economy showing robust job growth, Fed can focus “even more so” on ensuring that inflation returns to its 2% target. Jefferson acknowledged the slow progress in Read more…
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Key themes: Markets were in a holding pattern overnight as investors await key US inflation data later this week. US Fed Chair Powell is also due to speak, possibly providing further insights on future rate moves. Read more…