Based on today's data from ForexFactory for the USD, the USD/CHF pair is likely to experience a short-term upward movement in the days ahead. Here's why:
Flash Manufacturing PMI: Reported at 52.5, slightly above the forecast of 52.3, indicating stronger-than-expected manufacturing activity.
Flash Services PMI: Came in at 55.3, exceeding the expected 54.8, showing robust growth in the services sector.
These positive PMI figures suggest that the U.S. economy is outperforming expectations, which typically strengthens the USD. As a result, the USD/CHF pair is expected to see a short-term rally in the coming days.
Flash Manufacturing PMI: Reported at 52.5, slightly above the forecast of 52.3, indicating stronger-than-expected manufacturing activity.
Flash Services PMI: Came in at 55.3, exceeding the expected 54.8, showing robust growth in the services sector.
These positive PMI figures suggest that the U.S. economy is outperforming expectations, which typically strengthens the USD. As a result, the USD/CHF pair is expected to see a short-term rally in the coming days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.