29 Apr 2015
USD/CHF rises back above 0.9400 after Fed meeting
FXStreet (Córdoba) - USD/CHF climbed for 0.9365 back above 0.9400 boosted after the FOMC statement. Greenback gained momentum across the board and trimmed losses.
The pair rose to 0.9416 and remains above 0.9400, recovering ground but still down more than a hundred pips, headed toward the lowest daily close since January 20. Earlier bottomed at 0.9340.
A not dovish Fed, boosted USD
The FOMC said that the economy slowed its pace in recent months due to ‘transitory factors’, although job creation continued at a moderate pace and the jobless rate remained steady. Officials expected inflation to remain below the 2% target, partly in response to lower energy prices, albeit they expect prices to gather traction in the medium term.
The mention to “transitory factors”, gave a signal that the policy outlook still shows a possibility of a rate hike as soon as June.
The pair rose to 0.9416 and remains above 0.9400, recovering ground but still down more than a hundred pips, headed toward the lowest daily close since January 20. Earlier bottomed at 0.9340.
A not dovish Fed, boosted USD
The FOMC said that the economy slowed its pace in recent months due to ‘transitory factors’, although job creation continued at a moderate pace and the jobless rate remained steady. Officials expected inflation to remain below the 2% target, partly in response to lower energy prices, albeit they expect prices to gather traction in the medium term.
The mention to “transitory factors”, gave a signal that the policy outlook still shows a possibility of a rate hike as soon as June.