USD/CHF depreciates further to near 0.8700

# POST-MARKET | TRADE MARK
- Update on Measurement

U.S. Dollar / Canadian Dollar
- 3H & 16H

*USD Bias | Bullish
Monetary policy dynamics should favor Dollar strength into the early part of next year
Softer growth outlook that will drive safe-haven flows towards the Dollar
Several factors support Dollar strength
Reasonably steady US economic trends and hawkish leaning Fed

*USD Bias | Bearish
Anticipated slowdown of the US economy
The hurdle for raising rates this month is higher, implying fresh US Dollar falls
Dollar weakness will pick up pace during 2024 as market attention turns toward Fed rate cuts
Fed feels more comfortable with receding inflation

*CHF Bias | Bearish
SNB unlikely to join the trend of global monetary tightening
Franc to soften amid subdued growth and easy monetary policy
SNB willing to weaken the franc
Increase in cash on the SNB balance sheet

*CHF Bias | Bullish
Franc's tendency to appreciate during periods of geopolitical turmoil and rising inflation concerns is supported by various fundamentals
SNB unlikely to conclude its hiking cycle
The Swiss National Bank may be surprisingly hawkish
The risk environment should favour the franc

Conclusion | Trade Plan Execution & Risk Management on Demand;
- The Swiss Franc asset remains weak