FOREX TradingCharts.com

Forex News: Swiss Franc Drops Amid Risk Appetite

Swiss Franc Drops Amid Risk Appetite

09/16/2021 - 07:00:00 (RTTNews)

(RTTNews) - The Swiss franc weakened against its major opponents in the European session on Thursday amid risk appetite, as investors await U.S. retail sales data for more clues on stimulus outlook.

Retail sales are forecast to decline 0.8 percent on month in August, following a 1.1 percent drop in July.

A weak data could back hopes for a delay in tapering of the Fed's bond buying program.

The Fed meeting is in focus as markets seek clues on the central bank's next policy moves amid weak data and virus concerns.

The United Nations said that the global economy is expected to grow at the fastest in nearly five decades this year.

The report highlighted a "possibility of a renewal of multilateralism", pointing to the United States support of a new special drawing rights allocation, global minimum corporate taxation, and a waiver of vaccine-related intellectual property rights.

The franc slipped to 0.9246 against the greenback, its lowest level since July 8. Against the yen, it touched nearly a 5-month low of 118.28. The currency is likely to find support around 0.95 against the greenback and 114.00 against the yen.

The franc depreciated to 2-day lows of 1.0880 versus the euro and 1.2781 versus the pound, off its early highs of 1.0853 and 1.2707, respectively. If the franc slides further, 1.10 and 1.30 are possibly seen as its next support levels versus the euro and the pound, respectively.

Looking ahead, U.S. retail sales for August, business inventories data for July and weekly jobless claims for the week ended September 11 will be featured in the New York session.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Australian, NZ Dollars Climb Amid Rising Risk Appetite (02 hr(s), 58 min(s), 24 sec(s) ago)
(RTTNews) - The Australian and NZ dollars advanced against their major counterparts in the Asian s ...Full Story»

U.S. Dollar Climbs As Rising Oil Prices Raise Inflationary Risks (22 min(s), 36 sec(s) ago)
(RTTNews) - The U.S. dollar appreciated against its major counterparts in the European session on ...Full Story»

Indian Rupee Declines To 5-day Low Against U.S. Dollar (34 min(s), 36 sec(s) ago)
(RTTNews) - The Indian rupee dropped against the U.S. dollar in the evening session on Monday, ami ...Full Story»

Turkish Lira At Record Low Against U.S. Dollar On Expulsion Of Envoys (25 min(s), 24 sec(s) ago)
(RTTNews) - Turkish President Recep Tayyip Erdogan's order to remove foreign ambassadors who d ...Full Story»

Australian, NZ Dollars Appreciate As Evergrande Fears Ease (02 hr(s), 37 min(s), 24 sec(s) ago)
(RTTNews) - The Australian and NZ dollars climbed against their major counterparts in the Asian se ...Full Story»

Canadian Dollar Climbs On Higher Oil Prices (16 min(s), 36 sec(s) ago)
(RTTNews) - The Canadian dollar advanced against its most major counterparts in the European sessi ...Full Story»

Loonie Little Changed After Canada Retail Sales (40 min(s), 36 sec(s) ago)
(RTTNews) - Following the release of Canada retail sales for August at 8:30 am ET Friday, the loon ...Full Story»

Loonie Rises Vs Most Majors Ahead Of Canada Retail Sales (31 min(s), 37 sec(s) ago)
(RTTNews) - Canada retail sales for August are due from Statistics Canada at 8:30 am ET Friday. Ah ...Full Story»

Search

FOREX NEWS

Australian, NZ Dollars Climb Amid Rising Risk Appetite

10/26/2021 - 04:01 AM (RTTNews)
(RTTNews) - The Australian and NZ dollars advanced against their major counterparts in the Asian s ...Full Story>>

U.S. Dollar Climbs As Rising Oil Prices Raise Inflationary Risks

10/25/2021 - 11:21 AM (RTTNews)
(RTTNews) - The U.S. dollar appreciated against its major counterparts in the European session on ...Full Story>>

Indian Rupee Declines To 5-day Low Against U.S. Dollar

10/25/2021 - 07:35 AM (RTTNews)
(RTTNews) - The Indian rupee dropped against the U.S. dollar in the evening session on Monday, ami ...Full Story>>

Turkish Lira At Record Low Against U.S. Dollar On Expulsion Of Envoys

10/25/2021 - 06:33 AM (RTTNews)
(RTTNews) - Turkish President Recep Tayyip Erdogan's order to remove foreign ambassadors who d ...Full Story>>

Australian, NZ Dollars Appreciate As Evergrande Fears Ease

10/25/2021 - 04:23 AM (RTTNews)
(RTTNews) - The Australian and NZ dollars climbed against their major counterparts in the Asian se ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.