USD / CHF was based on Wednesday’s gains and updates multi-week highs. The US Dollar Index retains its bullish momentum on Thursday. Swiss National Bank kept its policy setup unchanged in June. The pair USD/CHF it gained more than 100 pips on Wednesday and continued to climb on Thursday. After hitting its best level since […]
Tag: USDCHF
USD / CHF rises to 0.9150 after SNB, highs since May 6
USD / CHF gains strong continuation traction for the second day in a row on Thursday. The Fed’s bullish turn continues to prop up the USD and continues to support the pair’s upward move. Weaker risk sentiment and the latest SNB policy decision do little to hamper the pair’s continued momentum. The pair USD/CHF continues […]
SNB maintains interest rates at -0.75%, USD / CHF updates monthly highs
The SNB maintained stable monetary policy in June. USD / CHF renews monthly highs at 0.9129 following the SNB announcement. Members of the board of directors of the Swiss National Bank (SNB) kept monetary policy guidelines unadjusted in their June quarterly assessment on Thursday. The SNB kept the key deposit rate stable at -0.75%, keeping […]
GDP grows strongly in the short term and unemployment decreases
The Swiss National Bank (SNB) offered a optimistic outlook on the economy in its Financial Stability Report (FSR) released Thursday. Featured statements “In Switzerland, GDP grows strongly in the short term and unemployment decreases.” “Production capacity remains under-utilized for some time.” Earlier this week, the Swiss Secretary of State for Economic Affairs (SECO) raised the […]
USD / CHF moves sideways below 0.9000 as markets remain quiet ahead of FOMC
USD / CHF continues to fluctuate in a tight range. The US Dollar Index remains directionless around 90.50 on Wednesday. The focus shifts to the FOMC policy announcements and the dot plot. After failing to stay above 0.9000 on Tuesday, the pair USD/CHF It closed in negative territory and appears to be having a difficult […]
Switzerland raises its economic growth forecast amid easing restrictions
The Swiss State Secretariat for Economic Affairs (SECO) has raised the country’s growth forecasts for this year, as the easing of coronavirus restrictions increases confidence in the recovery. Key comments See the growth of 2021 GDP (adjusted) at + 3.6% (the previous forecast was + 3.0%). See the growth of 2022 GDP (adjusted) at + […]
USD / CHF struggles to exceed 0.9000 on a calm day
USD / CHF is moving sideways below 0.9000 after Friday’s bounce. The US Dollar Index hovers around the mid-90s ahead of key events. The major Wall Street indices appear to open little changed. After closing the first four days of the previous week in negative territory, the pair USD/CHF it bounced on Friday and advanced […]
USD / CHF rises above 0.8950 on the strength of the dollar
The USD / CHF gained momentum during the European session and moved to positive territory. A modest pickup in USD demand provided support for the pair. After a sharp decline, Treasury yields stabilized. The USD / CHF bounced more than 25 pips from daily lows and climbed to 0.8967, marking a new high for the […]
USD / CHF clings to gains above 0.8950, lacks direction ahead of US CPI.
A combination of factors helped USD / CHF move further away from multi-month lows. A modest rally in US bond yields sustained the USD and continued to act as support. Investors seemed reluctant to make aggressive bets before the latest US CPI report. The pair USD/CHF it traded with a slight positive bias during the […]
USD / CHF pulls back and tests support at 0.8950
Dollar weakness, due to fall in Treasury bond yields, pushes USD / CHF down. Tone of caution in Thursday’s preview of the ECB meeting and US inflation data. USD / CHF is trading at the 0.8950 zone, at the day’s lows, which also corresponds to Tuesday’s low. A dip below could lead to a bearish […]