USD/CHF CLIMBS BACK OVER 0.9150 AS MARKETS GO RISK-OFF

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  • USD/CHF floating back to the top side as Greenback rises on risk aversion.
  • Franc buyers will be looking ahead to Tuesday's Swiss CPI reading.
  • Another NFP Friday looms ahead, investors will be positioning early.

The USD/CHF sees a Monday rebound after last Friday's decline, and broad-market risk flows are seeing investors pile into the US Dollar (USD) ahead of another US Non-Farm Payrolls Friday.

US Manufacturing Purchasing Manager Index (PMI) figures on Monday came in mixed, with September's Manufacturing PMI printing a healthy 49 versus the expected uptick to 47.7. Upside potential was limited by manufacturing prices, with the ISM manufacturing inflation index declining to 43.8, missing the forecast improvement to 48.6.

Next up on the data docket for the USD/CHF will be the Swiss Consumer Price Index (CPI), which is slated for Tuesday at 06:30  GMT.

Swiss inflation is expected to improve from 1.6% to 1.8%, but momentum heading into the mid-week will be capped off by the US ISM Services PMI printing, forecast to decline from  54.5 to 53.6. US services inflation data is slated for Wednesday at 14:00 GMT


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