USD/CHF Sees Gains in Majors as US PCE Data Approaches

Thursday, 26 September 2024, 22:40

USD/CHF is witnessing upward momentum in the majors as the market anticipates pivotal US PCE data. This currency pair is currently positioned above 0.8450, showing a slight increase of 0.32% in today's early trading session. With a recent interest rate cut by the SNB, all eyes are on upcoming macroeconomic indicators that could shape market trends.
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USD/CHF Sees Gains in Majors as US PCE Data Approaches

Latest Developments

USD/CHF is climbing above 0.8450 as traders brace for significant US PCE data. This momentum reflects a slight increase of 0.32% in Friday's trading session, indicating a strong position for the currency pair.

Impact of SNB Decisions

The Swiss National Bank (SNB) recently cut interest rates by 25 bps, bringing its policy rate to 1.00% at the last meeting in September. This action has created a ripple effect in the currency markets, particularly impacting the USD/CHF pair.

Looking Ahead

As traders prepare for the release of important macroeconomic data, the market dynamics surrounding USD/CHF will be closely monitored. Expectations hinge on the implications of these data points for future monetary policy.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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