USD/CHF recovers from the previous day’s losses amid investors caution ahead of the interest rate decisions from the US Federal Reserve (Fed) and Swis
s National Bank . The spot price trades around 0.8980 during the early trading hours in the European session on Tuesday.
Additionally, the Swiss National Bank is expected to raise interest rates by 25 basis points from 1.75% to 2% on Thursday. The Swiss central bank is expected to maintain a restrictive stance to its highest levels since April 2002 to ensure price stability, especially as the nation's inflation remains below the 2% target with a 1.6% year-over-year increase.
Traders will closely monitor developments in the US-China relationship. However, renewed trade tensions between the US and China could potentially benefit the traditional safe-haven Swiss Franc and create headwinds for USD/CHF.
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