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USD/CHF trades with a positive bias on Tuesday as the US Dollar (USD) consolidates its recent gains ahead of Wednesday’s US Consumer Price Index (CPI) data. Price action has stabilized above the 50-day Simple Moving Average (SMA) following a sharp pullback from above 0.8200 in late July.
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After vacating a million square feet, the luxury retailer stopped paying $18 million in rent, but the mall owner is on pace to more than double that.
On Wednesday, US consumer prices for July will be reported. The Wall Street expects a lower inflation rate than in June, says Markus Koch and explains how this could affect the markets.
The brand’s constant currency net sales growth of 21.6% in Q2 was lower than experts anticipated, but exchange rates may be contributing to the disconnect with Wall Street.
Net direct tax collections grew faster than gross receipts, led by non-corporate taxes and strong securities transaction tax collections.