Swiss Franc Holds Losses Below 0.8100 as Firm Fed Rate Hike Bets Weigh
The Swiss Franc remains under pressure near 0.8088 against the US Dollar during Asian trading, as strong expectations for further Fed rate hikes support the greenback.
USDCHF
The Swiss Franc (CHF) is holding onto its recent losses, trading around 0.8088 against the US Dollar (USD) in the Asian session. The selling pressure on the franc continues as markets price in a more hawkish Federal Reserve, raising expectations for additional interest rate hikes.
While the pair remains below the 0.8100 level, the near-term outlook for USD/CHF is tilted to the upside as long as Fed tightening bets stay firm. Any reversal would require a shift in US monetary policy expectations or a risk-off move supporting the safe-haven franc.
Source: FXStreet Forex News