USD/CHF Moves Slightly Ahead of Year-End
The USD/CHF currency pair is still moving cautiously around the 0.79–0.80 level, reflecting market uncertainty ahead of the year-end. The US dollar weakened after the greenback's momentum waned, while the Swiss franc strengthened again due to the Swiss National Bank's (SNB) policy, which kept interest rates steady at 0%. The SNB's unchanged stance exerted mild pressure on the dollar against the franc.
Market sentiment toward the US Federal Reserve (Fed) also influenced USD/CHF movements. Expectations that the Fed will cut interest rates in the future have made the dollar more cautious, causing the pair to stagnate and even dip to near 0.7950. If expectations of an interest rate cut strengthen, the franc's strength could become even more apparent.
Another factor of concern is the upcoming release of US economic data, including the employment and inflation reports. These data are considered to provide clearer direction regarding the Fed's future monetary policy and could act as a catalyst for USD/CHF movements. Furthermore, the year-end global market dynamics, which tend to be thin on liquidity, make this pair more vulnerable to short-term sentiment. (az)
Source: Newsmaker.id
