Ella 
USD/CHF is moving lower despite positive signals from the US economy, especially the housing market, and consumer confidence data. For Switzerland, there are no economic data releases at the start of the week.
The US Consumer Confidence Index reportedly rose to 102, beating expectations, while the S&P/Case-Shiller House Price Index also beat expectations, with the S&P/Case-Shiller House Price Index rising 7.4% year-on-year in March.
Meanwhile, investors are still watching key economic data, especially the upcoming Personal Consumption Expenditures (PCE) and revised first quarter GDP data on Thursday and Friday, to provide further market direction. Investors may also look to Wednesday’s Federal Reserve (Fed) beige to bet on the timing of the easing cycle.
