USD/CHF grabs bids around 0.9300 ahead of the FOMC minutes By Sagar_Dua24 USDCHF Fed RiskAversion YieldCurve DollarIndex
nned the latter. The pair recorded a strong upside move after hitting a low of 0.9374 on Tuesday and managed to surpass 0.9300 comfortably.
The comments from Fed Governor Lael Brainard on Tuesday indicated that the Fed is prepared to announce an interest rate hike of 50 basis points . Fed Governor Lael Brainard claimed that strong action will be displayed from the Fed if the indicators of inflation and inflation expectations dictate doing so.
As the economy is aware of the rising tide of inflation so a jumbo interest rate hike by the Fed is likely on the cards. In addition to that, Fed President Mary Daly cited that the labor market is extremely tight amid the achievement of full employment while the Fed is moving on to raise the interest rates.
The proportion of hawkishness from the Fed officials is reflected in the US Treasury yields. The 10-year benchmark US Treasury yields have recorded a fresh three-year high at 2.61%. The benchmark yields are trading 2.43% higher than their previous close on Tuesday. is heading towards the psychological figure of 100.00, tracing the US Treasury yields and souring market mood.
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