By FX Empire.com
The USD/CHF fluctuated with the beginning of the new week and the mixed sentiment fueled dollar gains which empowered the pair to the upside despite prevailing jitters.
Investors are still focused on Europe and after the good start for the pair the franc returned to weaken and the dollar gained strength as comments from Germany suppressed hope for a solution, where they said that expectations for a quick and final solution at the summit is out of range and the path will be long and might extend into the coming year.
On Tuesday investors will continue to focus on any comments from Europe as the sentiment control the movement, while the data from China to the US will be back in focus and remind investors of the fragile state of the economy, especially after the Empire manufacturing from the US on Monday was much worse than expected.
At 12:30 GMT the U.S. Producer Price Index for September is due and expected with 0.2% rise on the month after it remained unchanged in August and on the year to ease to 6.4% from 6.5%. Core PPI index is expected also with 0.1% on the month in line with August and on the year to ease to 2.4% from 2.5%.
At 13:00 GMT the August TIC flows is due after in July the net long-term TIC flows recorded $9.5 billion rise and the total net TIC flows recorded net selling of $51.8 billion.
