USD/CHF consolidates its gains, eyes on Fed rate decision, SNB’s Jordan speech

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• USD/CHF oscillates around the 0.9076-0.9105 region in a narrow trading band ahead of the key event.
• Federal Open Market Committee (FOMC) will announce its interest rate decision on Wednesday, with no surprise in rate expected.
• Swiss Real Retail Sales came in at -0.6% YoY in September vs. -2.2%, better than expected.
• FOMC policy meeting and Swiss National Bank (SNB) Chairman Jordan’s speech will be in the spotlight on Wednesday.

The USD/CHF pair consolidates its recent gains after climbing to multi-week highs of 0.9107 during the Asian session on Wednesday. Investors await the highly anticipated Federal Open Market Committee (FOMC) policy meeting later on Wednesday, with no change in rate expected. The pair currently trades around 0.9097, down 0.07% on the day.