USD/CHF oscillates at around 0.9100 as Fed keeps rates on hold, eyes on Powell conferences

Share:

• 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.

The USD/CHF retreats some from daily highs reached at 0.9107, though it remains trading within the 0.9090/0.9107 area after the US Federal Reserve (Fed) decided to keep rates unchanged at the 5.25%-5.50% range while continuing to reduce its security holdings (balance sheet).