With the upcoming release of the USD Consumer Price Index (CPI) data tomorrow, August 14, 2024, market participants are bracing for potential volatility in the USDCHF currency pair. Given the current economic conditions and expectations surrounding the CPI figures, there is a strong likelihood of a downward movement in USDCHF. Traders are positioning for a possible decline in the USD, anticipating that the CPI data may not meet market expectations, thereby weakening the dollar and driving the USDCHF pair lower.
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