A currency flash crash in Asia send the Japanese Yen and the Australian Dollar tumbling, boosting the Swiss Franc as a safe haven from the rout. The USDCHF has been sliding over the past two months, but how will today’s Swiss Manufacturing PMI impact this trend?
Forex traders will also get the US December ADP report as well as initial jobless claims data. How strong is the private job sector, can it support a stringer US Dollar?
The US ISM Manufacturing PMI will be closely watched in order to gauge how steep the economic slowdown is. Will the USDCHF further descend as volatility is on the rise or can the US Dollar bulls launch a reversal? Get your trading set-up now and only at PaxForex Daily Fundamental Analysis where your portfolio grows with every trade.
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