USDCHF NEWS (US DOLLAR SWISS FRANC)


USD/CHF jumps to 0.8900 neighborhood amid broad-based USD strength

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Latest CHF Analysis

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EUR/USD holds just above 1.21 on dovish ECB comments and ahead of Fed

EUR/USD has been extending its decline after ECB member Knot said that the bank may counter euro appreciation. US Durables Goods Orders rose a modest 0.2%, missing expectations and further fueling the dismal mood. Eyes now on Fed’s announcement.

EUR/USD News

GBP/USD pierces 1.3700 on run to safety

GBP/USD is trading below 1.37, off the recent multi-year high. The UK's vaccine campaign continues at full speed, but it is unclear if the lockdown will be easing. Demand for the greenback weighs ahead of Fed.

GBP/USD News

USD/JPY advances beyond 104.00 as Wall Street looks to open sharply lower

USD/JPY rose to a fresh 8-day high on Wednesday. US Dollar Index extends daily rally ahead of FOMC's policy announcements. Wall Street looks to start the day deep in the negative territory.

USD/JPY News

XAU/USD slips to low $1830s ahead of FOMC meeting

Gold has been on the back foot amid a stronger dollar in recent trade, dropping to the low $1830s recently. A stronger dollar amid risk-off and dovish ECB news has weighed on precious metal markets.

Gold news

WTI: Focus on Wednesday’s close amid a potential bull flag

WTI (futures on NYMEX) battles the $53 mark, reversing most of Tuesday’s losses, as the bulls await the Energy Information Administration (EIA) US crude stockpiles data for fresh directives.

Oil News

Majors

Cryptocurrencies

Signatures


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.

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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.