USD/CHF snaps three-day uptrend above 0.9000 amid US default concerns, Fed Chair Powell eyed – by anilpanchal7 USDCHF RiskAppetite Fed Politics FiscalPolicy
Market’s anxiety ahead of key risk events underpins Swiss Franc demand.US President Biden has tough challenge of extending debt limit.
In doing so, the Swiss Franc pair prints the first daily loss in four as the US Dollar struggles to defend the latest run-up amid mixed concerns about the US policymaker’s optimism of getting the debt limit passed ahead of its expiry. Also weighing on USD/CHF pair could be the fresh fears surrounding the US-China ties, as well as anxiety prior to the speech from Federal Reserve Chairman Jerome Powell.
It should, however, be noted that a slump in the market’s bets on the US Federal Reserve rate cut in 2023, as well as an increase in the odds of a 0.25% rate hike in June, joined firmer US data and hawkish Fed talks to previously propel the DXY. Additionally favoring the greenback bulls, as well as fueling the USD/CHF prices, were concerns that the US policymakers will be able to overcome the default fears.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
USD/CHF Price Analysis: Depicts another attempt to cross 0.8990 resistanceUSD/CHF Price Analysis: Depicts another attempt to cross 0.8990 resistance USDCHF Technical Analysis SwingTrading ChartPatterns SupportResistance
Leer más »
USD/CHF Price Analysis: Holds to earlier gains but surrenders 0.9000, as the outlook turns neutralUSD/CHF holds to its earlier gains achieved after three days of consecutive gains. However, it’s trading well below the weekly high, which tested the
Leer más »
USD/CHF treads water around 0.8980 after refreshing five-week high, US default in the spotlightUSD/CHF treads water around 0.8980 after refreshing five-week high, US default in the spotlight – by anilpanchal7 USDCHF FiscalPolicy RiskAversion Currencies Fed
Leer más »
USD/CHF consolidates in a range below a multi-week high touched on WednesdayThe USD/CHF pair attracts some dip-buying on Thursday, albeit struggles to capitalize on the intraday uptick beyond the 0.9000 psychological mark. Spo
Leer más »
The oldest scaled-down drawings of actual structures go back 9,000 yearsRock engravings in Jordan and Saudi Arabia may be maps or blueprints of desert kites, massive structures once used to capture animal herds.
Leer más »
Stone Age blueprints are the oldest architectural plans ever foundPlans etched into stone tablets depict vast hunting traps called desert kites built 9000 years ago, showing a mastery of geometry long before the invention of writing
Leer más »