USDCHF NEWS (US DOLLAR SWISS FRANC)


Forex Today: Market action remains subdued to start the week

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EUR/USD eases below 1.0450 as USD firms up amid light trading

EUR/USD eases below 1.0450 as USD firms up amid light trading

EUR/USD remains pressured below 1.0450, fading Friday’s rebound, as the US dollar sees fresh demand amid a cautious market mood and light trading conditions. Recession fears and Fed-ECB policy contrast will keep favoring the dollar. Eurozone Sentix eyed. 

EUR/USD News

GBP/USD hovers around 1.2100 amid fresh UK political jitters

GBP/USD hovers around 1.2100 amid fresh UK political jitters

GBP/USD licks its wounds around 1.2100, as investors stalk the US dollar amid growing growth fears. Another attempt to oust UK PNM Johnson and looming Brexit woes keep the upside elusive in cable. Thinner liquidity conditions will prevail amid the US holiday. 

GBP/USD News

USD/JPY attempts to sustain above 135.00 as focus shifts to Fed minutes

USD/JPY attempts to sustain above 135.00 as focus shifts to Fed minutes

The USD/JPY pair has remained subdued in the Asian session, following the footprints of the US dollar index (DXY). The major slipped lower at the open to the crucial support of 134.78, however, the asset rebounded firmly and is now attempting to sustain above the round-level support of 134.78.

USD/JPY News

Gold: Death cross to ring knell for XAUUSD, as eyes turn to Fed Minutes

Gold: Death cross to ring knell for XAUUSD, as eyes turn to Fed Minutes

Gold Price defends minor recovery gains above $1,800 amid US holiday. Growth fears strengthen the US dollar, despite the recent sell-off in yields. XAUUSD awaits death cross confirmation to resume the downtrend below $1,800.

Gold News

WTI fades recovery below $107.00 as Iran cuts oil prices, recession fears loom

WTI fades recovery below $107.00 as Iran cuts oil prices, recession fears loom

WTI struggles to extend the previous week’s recovery, grinds higher of late. Iran announces price cuts to compete Russia, US PMIs propelled economic fears. US holiday to limit intraday moves but Fed Minutes, US NFP will be crucial to watch for clear directions.

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Influential Institutions & People for the USDCHF

On the other hand we found The Federal Reserve System (Fed) wich is the central banking system of the United States. Fed has two main targets: to keep unemployment rate to their lowest possible levels and inflation around 2%. The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors, partially presidentially appointed Federal Open Market Committee (FOMC). The FOMC organizes 8 meetings in a year and reviews economic and financial conditions. Also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.

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.

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).

FED NEWS & ANALYSIS

SNB NEWS & ANALYSIS


About USDCHF

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.