USD/CHF attracts some sellers below 0.8550, investors await Fed, SNB rate decision

The USD/CHF pair loses traction amid the consolidation of the US Dollar (USD) during the early European session on Monday.

USD/CHF edges lower to 0.8535 in Monday’s early European session. The FOMC is anticipated to hold benchmark rates steady in the range of 5.25%–5.50% on Wednesday. The escalating Middle East geopolitical tension might lift the safe-haven flow, benefiting the Swiss Franc . The US FOMC and SNBmonetary policy meeting on Wednesday and Thursday will be a closely watched events. The USD/CHF pair loses traction amid the consolidation of the US Dollar during the early European session on Monday.

On the other hand, Anadolu Agency reported that Israeli warplanes launched fresh airstrikes in southern Lebanon on Sunday. Additionally, the Lebanese group Hezbollah said it struck a gathering of Israeli soldiers with “appropriate weapons” near the village of Wazzani, resulting in direct hits. The rising geopolitical tension between Lebanon and Israel, and in the Middle East could boost safe-haven assets like the Swiss Franc and cap the upside of the USD/CHF pair.

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