USD/CHF FORECAST AND NEWS
Latest Swiss Franc News
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USD/CHF Bullish Themes
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Editors' picks
EUR/USD holds above 1.0800 ahead of US inflation data
EUR/USD stays in positive territory above 1.0800 after registering its highest daily close in over a month on Tuesday. The data from the Eurozone showed that the GDP grew at an annual rate of 0.4% in Q1. Focus shifts to April inflation report from the US.
GBP/USD advances above 1.2600, all eyes on US CPI data
GBP/USD preserves its bullish momentum and trades at its highest level in nearly two weeks above 1.2600 in the European session on Wednesday. The US Dollar struggles to find demand and allows the pair to stretch higher ahead of April CPI and Retail Sales data from the US.
USD/JPY extends its upside above 156.50 ahead of US CPI, Retail Sales data
The USD/JPY pair trades in positive territory for the fourth consecutive day near 156.55 on Wednesday during the Asian session. The uptick of the pair is bolstered by the speculation that the Federal Reserve might maintain rates higher for longer amid the elevated inflation.
Gold climbs above $2,370 as US yields edge lower ahead of inflation data
Gold extends its uptrend and trades above $2,370 in the European session on Wednesday after gaining nearly 1% on Tuesday. The benchmark 10-year US Treasury bond yield stays in the red below 4.5% ahead of US inflation data, helping XAU/USD keep its footing.
Oil edges higher to near $78.50 due to drawdown in US inventories, Canada wildfires
West Texas Intermediate crude Oil price retraces its recent losses, trading around $78.30 per barrel during Wednesday's Asian session. The advance of the crude Oil prices could be attributed to the latest crude Oil supply update from the American Petroleum Institute released on Tuesday.
Majors
Cryptocurrencies
Signatures
Influential Institutions & People for the USD/CHF
On the other
FED Official Website, on Twitter and Facebook
The Swiss National Bank (SNB)
The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.
The official website, on Twitter and YouTube
Jerome Powell
Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018, for a four-year term ending in February 2022. His term as a member of the Board of Governors will expire January 31, 2028. Born in Washington D.C., he received a bachelor’s degree in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. Powell served as an assistant secretary and as undersecretary of the Treasury under President George H.W. Bush. He also worked as a lawyer and investment banker in New York City. From 1997 through 2005, Powell was a partner at The Carlyle Group.
Jerome Powell Fed's Profile and Wikipedia
Thomas J. Jordan
Thomas J. Jordan was born in Bienne, Switzerland in 1963. Thomas J. Jordan is a member of the Board of Directors of the Bank for International Settlements (BIS) in Basle and the Steering Committee of the Financial Stability Board (FSB). He is the Governor of the International Monetary Fund (IMF) for Switzerland, and also Chairman of the G10 Central Bank Counterfeit Deterrence Group (CBCDG).
Jordan on SNB's Profile and Wikipedia
FED NEWS & ANALYSIS
SNB NEWS & ANALYSIS
About USD/CHF
The pair reflects how many Swiss Francs are needed to purchase one American dollar. Both currencies are considered safe-havens, although after the SNB lifted the peg with its currency with the EUR back in January 2015, the CHF has partially lost attractive in turmoil times, with speculative interest more inclined then to buy the JPY or Gold. With sentiment in risk-off mode, the American dollar tends to weaken more than any other safe-haven asset.