USD/CHF drops to one-week low near 0.8400 as soft US data weighs on dollar

Core PCE up 0.1% MM vs 0.2% forecast; consumer spending up 0.2% vs 0.3% f/c

Soft US data is boost for doves advocating another 50 bps Fed cut on Nov 7

0.8375 (2024 EBS low on Sept 6) is a USD/CHF support point below 0.8400

The pre-US data EBS low of 0.8435 is now a resistance level, ahead of 0.8453

0.8453 was Thursday's low, after SNB cut rates by 25 bps again nL4N3L81MG