The USD/CHF pair struggles to capitalize on its strong gains registered over the past two days and trades with a mild negative bias during the Asian session on Friday.
USD/CHF edges lower on Thursday and snaps a two-day winning streak to the weekly top. Dovish Fed expectations, sliding US bond yields weigh on the USD and exert pressure. The risk-on mood could undermine the safe-haven CHF and help limit any further losses. Spot prices currently trade around the 0.8660-0.8655 region amid a modest US Dollar downtick, though lacks follow-through selling or bearish conviction.
Fed FAQs What does the Federal Reserve do, how does it impact the US Dollar? Monetary policy in the US is shaped by the Federal Reserve . The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy.
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