USD/CHF recovers recent losses, hovering near the 0.9000 psychological level during the European session on Thursday.
USD/CHF moves sideways as markets adopt a cautious stance. Investors focus on Fed Chair Powell's involvement in a panel discussion, seeking fresh cues. US Dollar experiences lukewarm response despite dovish remarks from Fed officials. The USD/CHF pair moves sideways as the market shifts confidence due to US Federal Reserve officials’ showing resistance against lowering interest rates.
Fed Governor Michelle Bowman has suggested that the central bank is contemplating future increases in short-term interest rates, introducing an element of uncertainty. Conversely, Neil Kashkari, President of the Minnesota Fed, remains skeptical about whether the central bank has raised rates sufficiently. He highlights the resilience of the economy as a crucial factor shaping his perspective on monetary policy. Switzerland's seasonally adjusted Unemployment Rate remained steady at 2.
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