USD/CHF RALLYING AS GREENBACK HEADS FOR 0.9050 ON THE FRANC
- The USD/CHF is catching some bids to reclaim the 0.9000 handle.
- Hawkish statements from Powell are helping to bid the US Dollar late Thursday.
- Friday set to close out the trading week with US consumer sentiment reading.
The USD/CHF is marching itself back over the 0.9000 handle in Thursday's trading as the US Dollar (USD) grinds higher on a relatively quiet trading day. Market sentiment is drawing taught as investors react to headlines as they roll out.
US Federal Reserve (Fed) Chairman Jerome Powell made some surprisingly hawkish comments while participating in a panel discussion at the Jacques Polak Annual Research Conference, in Washington DC.
Fed Chair Powell focused on the risk of factors that could spark inflation again, with labor markets remaining tight and GDP growth moderating, albeit slowly
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.