Investors traded cautiously a day ahead of a key FED speech by its Chairman Jerome Powell who may unveil a softer policy stance towards inflation.
Senior U.S. and Chinese officials renewed their commitment and had their Phase 1 trade deal reaffirmed in a telephone call originally expected on Aug. 15.
While additional monetary easing is a must to keep economic growth on track, the sentiment of the markets slightly improved due to supportive data.
You may have heard it as Swiss Franc or Swissy, the franc or CHF internationally. Along with the gold it is among the ultimate safe-haven assets.
Market sentiment soured following the adjournment of the U.S.-China Phase 1 trade deal review, initially scheduled for Saturday, leaving the deal intact.