USD/CHF picks up bids to refresh intraday high around 0.9340 as buyers cheer the greenback’s recovery heading into Monday’s European session.
The Swiss currency (CHF) pair snaps three-day rebound as escalating geopolitical fears from Ukraine join risk-negative headlines from China and Saudi Arabia to underpin the US dollar’s safe-haven demand. Also favoring the USD bulls are the recently hawkish comments from the Fed policymakers.
On Friday, Federal Reserve Bank of Minneapolis President Neel Kashkari, Richmond Fed President and FOMC member Thomas Barkin, as well as Fed Board of Governors member Christopher Waller, tried to shrug off the pessimism surrounding inflation and Fed’s next moves. The policymakers justified the latest rate hike considering the Ukraine crisis and backed the action, which in turn rejects USD bears fearing a dovish hike in the future.
Elsewhere, Ukraine’s rejection of Russia’s demand to surrender Mariupol hints at intensifying war conditions. The same push US President Joe Biden to have a call with the leaders of France, Germany, Italy and the UK.
It should be noted that China’s record high covid infections and a suspension of trading in Hong Kong by the troubled real estate firmer Evergrande also weigh on the market sentiment, which in turn favor the USD/CHF of late.
Amid these plays, the S&P 500 Futures drop half a percent by the press time while an off in Japan restricts US Treasury moves in Asia.
Looking forward, Fed Chair Jerome Powell is up for a speech and will be observed considering the negative impacts of his last words on the USD. Should the policymaker reiterate hopes of easing inflation fears, the USD bears return to the table. Even so, the risk-off mood may restrict USD/CHF downside.
A daily closing below 0.9345 resistance confluence including January’s top and 10-DMA keeps USD/CHF bears hopeful to visit the 0.9300 round figure.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.