USDJPY
EURUSD
USDCHF
USD/CHF slides as Fed easing expectations pressure US Dollar, SNB holds steady
Key Takeaways (30s Read)
USD/CHF continues to decline, pressured by easing expectations for the US Dollar.
USD/CHF is extending its decline for the second consecutive session, currently down 0.60%. This decline returns the pair to an October 17 low near 0.7873. The slide is largely driven by expectations of easing from the Federal Reserve, placing pressure on the US Dollar. Meanwhile, the Swiss National Bank (SNB) has maintained steady monetary policy, which supports the stability of the Swiss Franc. Traders should monitor the 0.7870 support level closely, as a breach could trigger further declines, while ongoing stability from the SNB may bolster the Franc's performance.
AI Analyst
AI Opinion
"The market is currently experiencing heightened expectations regarding US Federal Reserve monetary policy, contributing to a bearish sentiment for the Dollar. The decline in USD/CHF is closely tied to these dynamics, suggesting that the bearish trend may continue in the short term. Additionally, the Swiss National Bank's stable policy acts to bolster the strength of the Swiss Franc. However, upcoming economic indicators and announcements from the Fed could potentially shift this scenario dramatically. Therefore, caution towards potential risks is warranted."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.