USD/CHF approaches 0.9000 as US debt-ceiling issues provoke negative sentiment – by Sagar_Dua24 USDCHF SNB Fed RiskAversion DollarIndex
-day winning streak if it manages to overstep Friday’s high at 0.8988. The major is eyeing more gains as United States debt-ceiling issues have underpinned the risk-aversion theme.
S&P500 futures have added some losses in the Asian session after a mild bearish Friday, indicating caution among investors ahead of negotiations over US debt-ceiling issues. Investors are worried that if the situation of default in obligated payments by the US Treasury comes across, the long-term credibility of the US economy will get impacted dramatically. Also, the risks of recession will get fueled heavily. is showing a sideways performance around 102.
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