The USD/CHF retreats some from daily highs reached at 0.9107, though it remains trading within the 0.
USD/CHF retreats from 0.9107 and remains within the 0.9090/0.9107 range after the Fed's rate decision. Fed Chair Jerome Powell acknowledges economic resilience and potential upward pressure on inflation. Traders bet on the end of Fed rate hikes, with first-rate cuts anticipated in June 2024. 9090/0.9107 area after the US Federal Reserve decided to keep rates unchanged at the 5.25%-5.50% range while continuing to reduce its security holdings .
Policymakers acknowledged that economic activity expanded steadily in Q3, mentioning that job gains had moderated. However, they noted that inflation is too high and emphasized the committee is firmly committed to returning inflation to its 2% target. According to Reuters, US short-term interest rate futures are added to earlier gains as traders bet Fed rate hikes have ended. Additionally, the first-rate cuts are eyed at June 2024. USD/CHF Technical Levels USD/CHF Overview Today last price 0.
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