USD/CHF juggles below 0.9300 as investors await Federal Reserve/Swiss National Bank policy – by Sagar_Dua24 USDCHF Fed SNB SEO ECB
jor asset is manifesting a lackluster performance as investors seek further guidance, which will be provided by the Federal Reserve after it will announce its last monetary policy of CY2022 on Wednesday. is showing a balanced auction profile of around 104.00 after a recovery from a fresh five-month low at 103.59. On Tuesday, the USD Index displayed a perpendicular turmoil after the release of a soft November inflation report.
The headline CPI has dropped to 7.1% while the core inflation that doesn’t include oil and gas prices tumbled to 6.0%. Weaker prices of gasoline used cars, and airline fares remained major contributors to the lower price rise index. A significant deceleration in US inflation has set the ground for less-hawkish monetary policy by the Federal Reserve. Fed policymakers were already advocating for a slowdown in policy tightening pace to reduce financial risks. And, a termination of 75 basis points rate hike spell looks solid, which will leave the option for a 50 bps rate hike announcement. The Federal Reserve might not choose a 25 bps rate hike as the inflation rate is still extremely diverged from the targeted rate of 2%.
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