USDCHF Exchange Rate

The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of July. The report said the consumer sentiment index for July was upwardly revised to 66.4 from the preliminary reading of 66.0. Economists had expected the reading to be unrevised.

The U.S. dollar climbed against its major counterparts in the New York session on Friday, after a data showed that the personal consumption expenditures price index crept up in line with economist estimates in the month of June.

Consumer prices in the U.S. crept up in line with economist estimates in the month of June, according to a highly anticipated report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in June after coming in unchanged in May. The uptick by the index matched expectations.

Consumer prices in the U.S. crept up in line with economist estimates in the month of June, according to a highly anticipated report released by the Commerce Department on Friday.

The U.S. equity market was weighed down by the Biden Administration's potential trade restrictions on China, closing lower.

The Dollar soared to 158.90 Japanese Yen from 158.00 yesterday, boosted by higher US bond yields. It was the sixth straight rally for the Greenback against the Japanese currency.

The Japanese Yen has traded to its weakest level since April., the disappointing Japan National Core Inflation rate has further weakened the Yen

USDCHF rises rapidly after SNB lowers interest rates to 1.25%. Oversold signals favor the bulls; more upside needed for a positive outlook.