USD/CHF remains below 0.8850 despite downbeat Swiss GDP amid US-China tension

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USD/CHF remains below 0.8850 despite downbeat Swiss GDP amid US-China tension
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USD/CHF snaps the two-day winning streak, trading lower around 0.8830 during the early trading hours in the European session on Monday. The Swiss Fran

US and China trade tension could favor the safe-haven Swiss Franc .USD/CHF

The Swiss GDP declined to 0.0% against the market consensus of 0.1%, which was reported at 0.3% in the previous quarter. Additionally, the modest data from the United States is exerting downward pressure on the USD/CHF pair, as it reinforces the likelihood of no interest rate adjustment by the US Federal Reserve in the September meeting.

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