USD/CHF Consolidates Near Highest Level Since November 11

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USD/CHF,Bullish Consolidation,Swiss Franc

The USD/CHF pair enters a bullish consolidation phase during the Asian session on Wednesday and oscillates in a narrow band near its highest level since November 11 touched the previous day. Spot prices currently trade around the 0.9080 region and seem poised to prolong the recent positive momentum witnessed over the past month or so. The Swiss Franc (CHF) continues to be undermined by the Swiss National Bank's (SNB) unexpected move to cut interest rates in March amid a faster-than-anticipated slowdown in inflation and economic growth. In contrast, the markets have been scaling back their expectations for rate cuts by the Federal Reserve (Fed) amid signs of a still-resilient US economy

The USD/CHF pair enters a bullish consolidation phase during the Asian session on Wednesday and oscillates in a narrow band near its highest level since November 11 touched the previous day. Spot prices currently trade around the 0.9080 region and seem poised to prolong the recent positive momentum witnessed over the past month or so.

The Swiss Franc (CHF) continues to be undermined by the Swiss National Bank's (SNB) unexpected move to cut interest rates in March amid a faster-than-anticipated slowdown in inflation and economic growth. In contrast, the markets have been scaling back their expectations for rate cuts by the Federal Reserve (Fed) amid signs of a still-resilient US econom

USD/CHF Bullish Consolidation Swiss Franc Swiss National Bank Interest Rates Inflation Economic Growth Federal Reserve US Economy

 

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