Powell's USD-CHF Balancing Act Makes Swiss Miss Their Moment
Key Points
- The USD/CHF pair is in a tight range, with traders speculati...
The USD and Swiss Franc have been playing an awkward game of "Who's gonna blink first?" after Jerome Powell's Fed meeting, with the pair hovering between 0.8200 and 0.8335 like a nervous squirrel deciding whether to cross the road.
Swiss-ful Thinking
Switzerland's less-than-spicy CPI numbers have traders betting the Swiss National Bank might join the rate-cutting party sooner than expected. The USD/CHF pair seems to be enjoying this development, proving once again that one nation's economic headache is another currency's gain. If the SNB does decide to wave the white flag and cut rates, the...
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