{"id":246607,"date":"2024-02-13T19:10:35","date_gmt":"2024-02-13T13:40:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=246607"},"modified":"2024-02-13T19:10:35","modified_gmt":"2024-02-13T13:40:35","slug":"usd-chf-may-correct-higher-in-the-near-term-ocbc-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-chf-may-correct-higher-in-the-near-term-ocbc-crypto-news\/","title":{"rendered":"USD\/CHF may correct higher in the near term \u2013 OCBC &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>The Swiss Franc (CHF) has been one of the outperformers in 2023, gaining by nearly 10% vs. the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\" data-fxs-autoanchor=\"\">US Dollar<\/a> (USD). Economists at OCBC Bank analyze <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdchf\" data-fxs-autoanchor=\"\">USD\/CHF<\/a> outlook.<\/p>\n<h2 class=\"fxs_headline_medium\">Forecast trajectory is largely flat for USD\/CHF<\/h2>\n<blockquote>\n<p>In the near term, USD\/CHF may correct higher as the Fed has yet to embark on rate cut but markets may be pricing a dovish shift in CHF policy.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Our forecast trajectory is largely flat for USD\/CHF, taking into account 1\/ a moderate and soft USD view (premised on our view that the Fed will cut rates, possibly as early as 2Q 2024) and 2\/ that Swiss policymakers may no longer pursue a strong CHF policy as well as the risks for SNB rate cuts in 2H 2024. These effects should in some way offset each other.<\/p>\n<\/blockquote>\n<blockquote>\n<p>USD\/CHF \u2013 Mar-24 <strong>0.8800 <\/strong>Jun-24 <strong>0.8800<\/strong> Sep-24 <strong>0.8900<\/strong> Dec-24 <strong>0.9000<\/strong> Mar-25 <strong>0.9000<\/strong><\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Swiss Franc (CHF) has been one of the outperformers in 2023, gaining by nearly 10% vs. the US Dollar (USD). Economists at OCBC Bank analyze USD\/CHF outlook. Forecast trajectory is largely flat for USD\/CHF In the near term, USD\/CHF may correct higher as the Fed has yet to embark on rate cut but [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,366,255,250,252,247,253,249,1625,597,256,254],"class_list":["post-246607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-fed","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-snb","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=246607"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246607\/revisions"}],"predecessor-version":[{"id":246608,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/246607\/revisions\/246608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9370"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=246607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=246607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=246607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}