USD/CHF consolidates above 0.8780 awaiting US CPI and the FOMC
The Dollar consolidate recent gains, steady above 0.8780. The strong NFP report has provided a fresh impulse to the USD.
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The Dollar consolidate recent gains, steady above 0.8780. The strong NFP report has provided a fresh impulse to the USD.
The Swiss Franc (CHF) edges lower in most pairs on Monday as investors digest the strong US labor market data and bide their time ahead of the action expected later in the week when several major central banks will make their policy decisions.
The Swiss Franc (CHF) trades lower in most of its major pairs on Friday after the release of a better-than-expected US jobs report supports risk appetite, driving flows away from the safe-haven Franc.
The Swiss Franc (CHF) trades mixed on Thursday – rising versus the Euro which sees losses after a slew of more unfavorable figures, but falling to the strengthening US Dollar, and to a lesser extent the Pound Sterling, which was briefly buoyed by a less morbid financial outlook.
The USDCHF pair continues to fall strongly supported by aggressive Fed rate cuts expectations. What’s next?