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CHF weakens on cooler-than-expected Swiss inflation – BBH

Swiss Franc (CHF) underperforms as October inflation surprises to the downside, boosting market bets on an SNB rate cut while CHF retains safe-haven appeal, BBH FX analysts report.

SNB eate cut odds jump to 70%

"CHF underperforms across the board. Swiss inflation unexpectedly cools in October, raising bets of additional Swiss National Bank (SNB) cuts. Headline CPI printed at 0.1% y/y (consensus: 0.3%) vs. 0.2% in September and is tracking below the SNB’s Q4 projection of 0.4%. Core CPI dipped to 0.5% y/y (consensus: 0.7%) vs. 0.7% in September."

"The swaps market raised odds of a 25bps rate cut to -0.25% in the next twelve months to 70% vs. 50% previously. Regardless, CHF’s status at the ultimate store of value among fiat currencies offsets the drag from the likelihood of negative rates."

Silver Price Forecast: XAG/USD wobbles around $48.70 at the start of US data-packed week

Silver price (XAG/USD) consolidates in a tight range around $48.70 during the European trading session on Monday. The white metal starts the week on a calm note as investors await a slew of United States (US) economic data releasing this week.
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WTI retreats as OPEC+ production pause offset by US Dollar rally

West Texas Intermediate (WTI US Oil trades around $60.45 on Monday at the time of writing, down 0.40% on the day, after briefly touching $61.29 earlier in the day.
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