Ella 
USD/CHF hovered around 0.8750 during the Asian session on Friday, giving up Thursday’s gains. USD/CHF was weighed down by the dollar’s decline following the possible end of the Federal Reserve’s interest rate hikes.
Actual Swiss retail sales fell 0.1% on Thursday, compared with expectations for a 0.2% rise in October. A fall in consumer demand in Switzerland could put pressure on the Swiss franc. Additionally, GDP data will be released on Friday.
However, Swiss National Bank (SNB) Chairman Thomas Jordan earlier admitted that interest rates may rise in the future, providing support for the Swiss franc.
The U.S. Dollar Index (DXY) faces challenges as muted reaction in U.S. bond yields offsets recent gains. The U.S. dollar index was trading lower at 103.30 at press time. Mixed U.S. economic data could help the dollar strengthen.
In addition, the U.S. core personal consumption expenditures price index showed that the annual rate of the U.S. PCE price index slowed to 3.5% in October from the previous value of 3.7%. The U.S. core PCE price index fell by 0.2% monthly from 0.3% in October. In addition, the number of initial jobless claims in the United States for the week ended November 24 was 218,000, slightly lower than the expected value of 220,000.
Investors are awaiting the U.S. ISM Manufacturing Purchasing Managers Index for November, and investors are still focused on a speech by Federal Reserve Chairman Powell scheduled to be delivered on Friday. These events may affect market dynamics and U.S. dollar movements.
