USD/CHF finds buffer at 0.8500 as US dollar rises ahead of Jackson Hole event
USD/CHF is attracting buying interest on a slight recovery in the US dollar at around 0.8500. A lower revision to U.S. nonfarm payrolls has highlighted concerns about the strength of the labor market. Investors are eagerly awaiting Fed Chairman Powell’s…
USD/CHF falls to almost 0.8650 due to dovish Fed and rising geopolitical tensions
The USD/CHF pair is extending losses as traders expect the Fed to begin cutting interest rates in September. San Francisco Fed President Mary Daly stressed that the U.S. central bank should gradually lower interest rates. Due to increasing geopolitical tensions…
