- USD / CHF remains on track to close the week lower.
- The US dollar index struggles to gain traction on Friday.
- Fed’s Evans says QE could be improved in spring.
The pair USD/CHF it rose above 0.9120 during the European session, but turned south in the early hours of US trading. At time of writing, the pair was down 0.08% on the day at 0.9102. During the week, USD / CHF is still on track to post small losses.
DXY fails to organize a bounce
The dollar continues to struggle to find demand on the last day of the week. In the absence of major fundamental drivers and macroeconomic data releases, the US Dollar Index (DXY) is fluctuating in a tight range below 93.50 on Friday.
In an interview with CNBC, the president of the Federal Reserve Bank of Chicago, Charles Evans, said they could do more to improve quantitative easing depending on how the economy looks in the spring. Evans also reiterated that the Fed will keep rates at zero until full employment and the inflation target are reached. At time of writing, the DXY was virtually unchanged on the day at 92.29.
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