US Manufacturing Purchasing Manager Index 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 , 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,The USD/CHF bounded 85 pips from Monday's early low to mark in an intraday high just shy of the 0.9200 handle, and the pair is currently softening into the midpoint near 0.9170. The pair remains well-bid above the 200-hour Simple Moving Average near 0.9110, but the near-term ceiling remains last week's swing high into 0.9225.
Spot Gold fell to a fresh multi-month low of $1,827.11 a troy ounce on Monday amid resurgent US Dollar demand. The Greenback suffered a minor setback at the beginning of the week, as generally encouraging Chinese data and upbeat United States news underpinned the mood. seems to be making a comeback with the start of 2023’s fourth quarter , and some altcoins are already making headway. Chainlink , Radiant Capital and Floki Inu are some cryptos that are showing aggressive upside moves.
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