USD/CHF lacks clear momentum around 0.8820, after refreshing a six-week high to 0.8828 heading into Monday’s European session. In doing so, the Swiss
Bulls and bears struggle for clear directions amid light calendar, cautious mood.
Among them, the August month Purchasing Managers Indexes and China news, as well as the top-tier central bankers’ speeches at the annual Jackson Hole Symposium event, gain major attention. Elsewhere, China took multiple measures, via the central bank and fiscal policies, to infuse liquidity into the markets and defend the world’s second-largest economy from slipping into recession. That said, the People’s Bank of China , lowered the one-year Loan Prime Rate to 3.45% from 3.55% previous and 3.40% expected.
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