The USD/CHF pair is showing signs of strength above the 0.8950 level as investors await the release of US Retail Sales data. This data is expected to provide insight into the health of the US economy and could impact the direction of the USD/CHF pair.
Investors will be closely monitoring the Retail Sales figures, as they are an important indicator of consumer spending, which makes up a significant portion of the US economy. A positive reading could bolster the USD/CHF pair, while a weaker-than-expected figure could lead to a pullback.
Overall, the USD/CHF pair is currently in a strong position above the 0.8950 level, and the upcoming Retail Sales release could provide further direction for the pair. Traders should keep a close eye on the data and be prepared for potential volatility in the USD/CHF pair in the hours following the release.