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Uncle Sam is printing its inflation numbers today so I figured you won’t miss the chance to trade the Greenback.

Will the release finally break USD/CHF’s range?

Before moving on, ICYMI, today’s Asia-London session watchlist looked at GBP/AUD for a straddle play ahead of economic releases from Australia and the U.K. Be sure to check out if it’s still a valid play!

And now for the headlines that rocked the markets in the last trading sessions:

Fresh Market Headlines & Economic Data:

Upcoming Potential Catalysts on the Economic Calendar:

If you’re not familiar with the forex market’s main trading sessions, check out our Forex Market Hours tool.

What to Watch: USD/CHF

USD/CHF 4-hour Forex Chart
USD/CHF 4-hour Forex Chart

In a few hours, Uncle Sam will publish its August inflation numbers. Word around is that monthly price increases have slowed down from 0.5% to 0.4%, while core CPI is projected to have steadied at 0.3%.

Take note that the report is one of the last clues we’ll have before Governor Powell and his gang meet up next week to decide on September’s monetary policy.

If price increases speed up much faster than markets have expected, then there will be more pressure on the central bank to make liquidity rain on the economy.

The safe-haven dollar could gain pips across the board and even break USD/CHF from its 175-pip range.

If price increases aren’t as extra as traders are betting, however, then the Fed will have more room to keep its policies easy. Risk appetite would boost higher-yielding bets and maybe even weigh on USD/CHF enough to drag it down to .9150.