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The USD/CHF pair has started the week down due to the US Fed’s dovish surprise and the looming release of Personal Consumption Expenditures (PCE) data from November.
The pair’s movements reflect the continued softness of the dollar, which came in the wake of the Fed’s dovish surprise and ahead of the release of the PCE data. The Swiss National Bank also appeared dovish in its last week’s decision, holding rates pinned at 1.75%.
The pair’s movements mirror the continued softness of the USD, which came in the wake of the Fed’s dovish surprise and ahead of the release of the PCE data.
The Swiss National Bank kept rates pinned at 1.75%, and the CHF has demonstrated enduring resilience against its rivals in the last sessions. The 2-year rate rose to 4.45%, while the 5-year and 10-year rates are both noted at 3.95%.
The outcome of Friday’s PCE figures may fuel volatility in swap markets and investor bets on the next Fed’s decision, which could dictate the pair’s pace for the short term.
