The USD/CHF pair attracts some dip-buying near the 0.9045 region on Monday and touches its highest level since June 13 during the Asian session. Spot
prices currently trade around the 0.9075-0.9080 area and seem poised to build on last week's breakout momentum through a technically significant 200-day Simple Moving Average .
The prospect for further policy tightening by the Federal Reserve assists the US Dollar to stand tall near a six-month high, which, in turn, is seen as a key factor acting as a tailwind for the USD/CHF pair. In fact, the US central bank reiterated the longer-for-higher narrative and warned last week that still-sticky inflation was likely to attract at least one more interest rate hike by the end of this year.
Adding to this, the so-called 'dot-lot' suggested just two rate cuts in 2024 as compared to four projected previously. This led to an extended selloff in the US fixed-income market, pushing the yield on the rate-sensitive two-year government bond to its highest level since 2007. Furthermore, the benchmark 10-year US Treasury yield stands tall near a 16-year peak, which lends support to the buck and USD/CHF pair.
The Swiss Franc , on the other hand, continues to be weighed down by the fact that the Swiss National Bank ended its streak of five consecutive increases last week. The SNB decided to keep its benchmark interest rate unchanged at the end of the quarterlymeeting, defying expectations for a 25 bps lift-off in the wake of sub-2% inflation readings and the recent weak economy data.
This, along with acceptance above the very important 200-day SMA, supports prospects for an extension of the USD/CHF pair's well-established uptrend witnessed over the past two months or so. In the absence of any relevant market-moving economic releases from the US on Monday, the US bond yields will play a key role in influencing the USD price dynamics and provide some impetus to
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
US Dollar Technical Weekly Outlook: EUR/USD, GBP/USD in Focus as Downtrends ContinueThe US Dollar remains in a firmly bullish posture against its major counterparts. What are key levels to watch for in EUR/USD and GBP/USD in the week ahead?
続きを読む »
GBP/USD consolidates in a range below mid-1.2200s, seems vulnerable near multi-month lowThe GBP/USD pair is seen oscillating in a narrow trading band during the Asian session on Monday and consolidating its recent losses to the lowest lev
続きを読む »
EUR/USD Price Analysis: Languishes near multi-month low, setup favours bearish tradersThe EUR/USD pair kicks off the new week on a subdued note and oscillates in a narrow trading band, around mid-1.0600s through the Asian session. Spot
続きを読む »
Asia Day Ahead: Risk mood remains cautious, USD/SGD at nine-month highMajor US indices attempted to bounce off their respective near-term support last Friday, but gains failed to sustain into the latter half of the session as selling pressures dominate
続きを読む »
Japanese Yen Forecast: BoJ's Dovishness Puts USD/JPY Channel Breakout in PlayUSD/JPY rallies heading into the weekend following Bank of Japan’s dovish monetary policy announcement. As prices approach channel resistance, the pair's reaction could offer key insight into the near-term outlook.
続きを読む »
Terra Classic community votes to stop minting Terra Classic USD (USTC)The algorithmic element core to the stablecoin that led to the $45 billion collapse of the Terra ecosystem in 2022 has been turned off.
続きを読む »