USD/CHF trades with a mild positive bias around 0.9085 on Wednesday. The Fed's Kashkari comments have dampened hopes for potential interest rate cuts this year, lifting the Greenback. The uncertainties surrounding ceasefire talks between Israel and Hamas might boost the CHF and cap the pair’s upside. The recovery of the US Dollar is bolstered by hawkish remarks from Federal Reserve officials, which dampen hopes for potential interest rate cuts in 2024.
Investors will take more cues from the first reading of the US University of Michigan Consumer Sentiment Index on Friday,whichis projectedto easeto 76.0 in May from the previous reading of 77.2. On the Swiss front, ceasefire talks between Israel and Hamas remain uncertain. Israel's war cabinet agreed to continue the military attack against Hamas, with Israeli forces striking Gaza's southernmost city.
Majors Macroeconomics
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CHF Edges Higher as US Dollar Improves on Reduced Chances of Fed Rate CutThe de-escalated tension in the Middle East and higher US Treasury yields contribute to the strengthening of the US Dollar against the Swiss Franc (CHF). Peace talks between Israel and Hamas also reduce concerns that may weaken demand for the safe-haven CHF.
Source: FXStreetNews - 🏆 14. / 72 Read more »
USD/CHF holds a position above 0.9050 amid firmer US DollarUSD/CHF treads water to hold position, hovering around 0.9060 during the early European hours.
Source: FXStreetNews - 🏆 14. / 72 Read more »
US Dollar Outlook & Sentiment Analysis: EUR/USD, GBP/USD, USD/CHFThis article offers a comprehensive review of retail sentiment on the U.S. dollar, focusing on three key popular pairs: EUR/USD, GBP/USD and USD/CHF. Additionally, we assess potential directional outcomes from the vantage point of contrarian signals.
Source: DailyFX - 🏆 305. / 63 Read more »
USD/CHF aims to surpass 0.9150 as US Dollar remains upbeat, US Retail Sales in focusThe USD/CHF pair hovers near six-month high around 0.9150 in Monday’s European session.
Source: FXStreetNews - 🏆 14. / 72 Read more »
USD/CHF dips below 0.9100 as US Dollar correctsThe USD/CHF pair falls below the round-level support of 0.9100 in Thursday’s European session.
Source: FXStreetNews - 🏆 14. / 72 Read more »
USD/CHF remains below 0.9100 on the subdued US Dollar, awaits FedspeakUSD/CHF trades around 0.9080 during the European hours on Friday.
Source: FXStreetNews - 🏆 14. / 72 Read more »