Swiss Franc steadies as traders brace for US PPI data, Trump-Xi summit
The post Swiss Franc steadies as traders brace for US PPI data, Trump-Xi summit appeared on BitcoinEthereumNews.com. The USD/CHF pair trades on a flat note around 0.7805 during the early European trading hours on Wednesday. Traders await the key US inflation data and continue to assess the developments surrounding US-China talks later this week. The South China Morning Post reported on Wednesday that US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will hold trade and economic talks in South Korea ahead of US President Donald Trump’s official visit to China. The Trump-Chinese President Xi Jinping summit will take place in Beijing on Thursday and Friday. Earlier on Tuesday, Trump said that he would prioritize trade discussions during his summit with Chinese President Xi Jinping, and downplayed the amount of attention they would devote to the Iran war. The US Producer Price Index (PPI) report will take center stage later on Wednesday. Markets expect the headline U