{"id":321010,"date":"2024-06-11T13:37:44","date_gmt":"2024-06-11T08:07:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=321010"},"modified":"2024-06-11T13:37:44","modified_gmt":"2024-06-11T08:07:44","slug":"usd-chf-remains-timid-around-0-8950-as-investors-await-the-fed-policy-decision-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-chf-remains-timid-around-0-8950-as-investors-await-the-fed-policy-decision-crypto-news\/","title":{"rendered":"USD\/CHF remains timid around 0.8950 as investors await the Fed policy decision &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>USD\/CHF stays calm ahead of the looming Fed policy decision.<\/strong><\/li>\n<li><strong>The US Dollar remains strong as the Fed can be expected to keep rates steady in the range of 5.25%-5.50% on Wednesday.<\/strong><\/li>\n<li><strong>SNB is expected to keep interest rates unchanged in June.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdchf\" data-fxs-autoanchor=\"\">USD\/CHF<\/a> remains calm due to thin trading as investors adopt a cautious stance ahead of the Federal Reserve\u2019s (Fed) interest rate decision scheduled on Wednesday. The pair hovers around 0.8950 during the early European hours on Tuesday.<\/p>\n<p>The Fed is anticipated to keep interest rates steady in the range of 5.25%-5.50% as it aims to curb inflation toward its 2% target. Additionally, the US headline and core CPI figures for May are estimated to show year-over-year increases of 3.4% and 3.5%, respectively.<\/p>\n<p>The robust US jobs data for May has reduced the odds of two Federal Reserve (Fed) interest rate cuts in 2024. The CME FedWatch Tool indicates that the likelihood of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\">Fed<\/a> rate cut in September by at least 25 basis points has decreased to nearly 49.0%, down from 59.5% a week earlier.<\/p>\n<p>In Switzerland, the Consumer Confidence indicator remained relatively unchanged at -38 in May, compared to -38.1 in April, and falling short of forecasts of -37. Traders are now anticipating the Financial Stability Report from the Swiss National Bank (SNB), which will provide an assessment of the banking sector&#8217;s stability and the financial market infrastructure.<\/p>\n<p>The Swiss National Bank (SNB) is unlikely to implement an interest rate cut in June, despite inflation remaining below the 2% threshold. Previously, SNB Chairman Thomas J. Jordan warned of minor upside risks to inflation expectations.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CHF stays calm ahead of the looming Fed policy decision. The US Dollar remains strong as the Fed can be expected to keep rates steady in the range of 5.25%-5.50% on Wednesday. SNB is expected to keep interest rates unchanged in June. USD\/CHF remains calm due to thin trading as investors adopt a cautious stance [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":23914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,333,277,252,247,253,249,3928,597,256,254],"class_list":["post-321010","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-switzerland","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/321010","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=321010"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/321010\/revisions"}],"predecessor-version":[{"id":321016,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/321010\/revisions\/321016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/23914"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=321010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=321010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=321010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}