<\/p>\n
The USD\/CHF<\/a> pair trades on a weaker note near 0.9145 during the early European session on Thursday.\u00a0Traders seem to prefer to wait on the sidelines\u00a0ahead of\u00a0the release of the US preliminary Gross Domestic Product (GDP) Annualized for the first quarter (Q1) later in the day.\u00a0In the meantime, any development surrounding escalating tensions in the Middle\u00a0East might boost safe-haven assets like the Swiss Franc (CHF).\u00a0<\/p>\n The US Federal Reserve’s (Fed) policymakers agreed with the central bank\u2019s position to remain on hold. The hawkish tone of the Fed has provided some support to the Greenback in recent weeks. However, investors have doubts about exactly when monetary policy<\/a> easing will come.\u00a0The US GDP growth number might\u00a0offer some hints about\u00a0how the US economy\u00a0performs\u00a0in Q1 of 2024.\u00a0<\/p>\n The first estimated US GDP growth number is estimated to grow at a 2.5%\u00a0annualized pace\u00a0during the first quarter, compared to the previous reading of 3.4%.\u00a0In case\u00a0the report shows stronger-than-expected data, this might trigger speculation that the US Fed<\/a> will delay the rate cut cycle, which might lift\u00a0the US Dollar<\/a> (USD).\u00a0<\/p>\n On Wednesday, data\u00a0released\u00a0from\u00a0the\u00a0Centre for European Economic Research showed that Switzerland\u2019s ZEW Survey Expectations improved to 17.6 in April compared to 11.5 in the previous reading. Apart from this, the ongoing geopolitical tensions in the Middle East might lift the CHF, a\u00a0traditional safe-haven currency, and drag the USD\/CHF lower.\u00a0<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" USD\/CHF drifts lower to 0.9145 on the softer US Dollar on Thursday.\u00a0 The hawkish tone of the US Fed has lifted the USD, creating a tailwind for the pair.\u00a0 Switzerland\u2019s ZEW Survey Expectations rose to 17.6 in April, compared to 11.5 prior. The USD\/CHF pair trades on a weaker note near 0.9145 during the early […]<\/p>\n","protected":false},"author":2,"featured_media":8201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,333,277,252,247,253,249,597,256,254],"class_list":["post-289372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-macroeconomics","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289372","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=289372"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289372\/revisions"}],"predecessor-version":[{"id":289373,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/289372\/revisions\/289373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8201"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=289372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=289372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=289372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}