The USD/CHF pair trades on a positive note on Monday during the early European session.
USD/CHF holds positive ground near 0.9115 in Monday’s early Asian session. Many Fed officials prefer towait longerthan previously anticipated to cut rates amid the elevated inflation, lifting the Greenback. SNB Chairman Thomas Jordan said monetary policy should remain focused on price stability. The uptick of the pair is supported by the lower bets on rate cut expectations from the Federal Reserve , with traders seeing just one or two rate cuts happening this year.
1%, but remains stubbornly above the Fed’s target. Meanwhile, Atlanta Fed President Raphael Bostic noted that the US central bank wouldn’t cut rates until the end of the year. On the Swiss front, Swiss National Bank Chairman Thomas Jordan said on Saturday that monetary policy should remain focused on price stability. He said that economic growth and productivity are too low and many countries are running too much debt and excessive deficits.
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