USD/CHF hangs near daily low, bears flirt with 0.9200 mark amid weaker USD – by hareshmenghani USDCHF Fed Bonds RiskAppetite Currencies
ber 2021 touched last week. The pair remains on the defensive through the early European session and is currently placed near the daily low, around the 0.9200 round-figure mark.
The US Dollar comes under some renewed selling pressure amid the prospects for a less aggressive policy tightening by the Fed and turns out to be a key factor acting as a headwind for the USD/CHF pair. In fact, investors seem convinced that the US central bank will soften its hawkish stance amid signs of easing inflationary pressures.
The downside for the USD/CHF pair, meanwhile, remains cushioned, at least for the time being, amid a generally positive risk tone, which tends to undermine demand for the safe-haven Swiss franc . Nevertheless, the fundamental backdrop seems tilted firmly in favour of bearish traders and supports prospects for an extension of the recent downward trajectory witnessed since early November 2022.
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