USD/CHF bulls struggle around 0.8950 on Juneteenth holiday, SNB, Fed announcements eyed – by anilpanchal7 USDCHF
while expectations of witnessing further rate hikes from the SNB prod the Swiss Franc bears.
On the other hand, Richmond Fed President Thomas Barkin said, “Raising rates further could create the risk of a more significant slowdown in the economy.” The policymaker, however, also added that the Fed can do comfortable more to slow the resilient US economy, which in turn triggered a jump in the 2-year Treasury bond yields to 4.75% and helped the US Dollar to get off the lows.
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