Swiss Franc holds steady against Dollar before Fed decision
The Swiss Franc steadied against the US Dollar on Tuesday as the greenback retreated from early gains, with markets turning cautious ahead of the Federal Reserve’s policy announcement.
USDCHF
The CHF/USD pair saw little net change on Tuesday, with the dollar initially strengthening before giving up its advance. Traders appear reluctant to take large positions ahead of the Federal Reserve’s monetary policy statement, which could shift the near-term outlook for the greenback.
The steadiness reflects a wait-and-see mood across FX markets, where rate expectations remain a key driver. No fresh Swiss economic data altered the local picture.
Source: FXStreet Forex News