USD/CHF pares intraday gains to fresh YTD peak, downside seems limited amid stronger USD By HareshMenghani USDCHF Fed Growth RiskAppetite Currencies
The pair prolonged its recent strong bullish run witnessed since the beginning of this month and gained follow-through traction for the fifth successive day on Wednesday. The momentum was sponsored by sustained buying around the US dollar, which climbed to a more than two-year peak amid the prospects for a more aggressive policy tightening by the Fed.by 50 bps at each of its next four meetings in May, June, July and September.
Expectations for rapid interest rate hikes in the US, prolonged Russia-Ukraine conflict and the latest COVID-19 outbreak in China have raised fears of stalling global growth. Investors now seem worried that Russia could follow through on its threat to halt gas flows to countries that refuse to pay for fuel in roubles and cut off supplies to Europe.
That said, extremely overbought conditions held back traders from placing fresh bullish bets and kept a lid on any further gains for the USD/CHF pair, at least for now. The intraday bias, however, remains tilted in favour of bulls amid the prevalent strong bullish sentiment surrounding the USD and the risk-on impulse, which tends to undermine the safe-haven Swiss franc.for some impetus later during the early North American session.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
GBP/USD drops to 1.2700 neighbourhood, flirts with YTD low amid stronger USDThe GBP/USD pair witnessed some selling during the early part of the European session and dropped to the 1.2700 neighbourhood, back closer to the YTD
Baca lebih lajut »
GBP/USD drops to 1.2700 neighbourhood, flirts with YTD low amid stronger USDThe GBP/USD pair witnessed some selling during the early part of the European session and dropped to the 1.2700 neighbourhood, back closer to the YTD
Baca lebih lajut »
USD/CHF consolidates recent gains to the highest level since June 2020, just below 0.9600USD/CHF consolidates recent gains to the highest level since June 2020, just below 0.9600 By HareshMenghani USDCHF Fed Coronavirus RiskAversion Currencies
Baca lebih lajut »
Growing downside risks to global growth to fuel broader USD gains – HSBCThe Chinese renminbi has rapidly weakened against the US dollar recently. Downside risks to global growth mean upside risks to the broad USD, in the v
Baca lebih lajut »
USD/CHF to extend its race highe towards the 0.9672 mark – Credit SuisseUSD/CHF has proved immune to the recent risk-off sentiment and has broken clearly above medium-term resistance at 0.9473/9521. Analysts at Credit Suis
Baca lebih lajut »
Breaking: GBP/USD breaks 1.26 the figure as risk-off tensions mountGBP/USD has dumped on Tuesday in widespread risk-off, breaking below 1.26 the figure in a fresh bear-cycle low for 2022: GBP/USD daily chart A number
Baca lebih lajut »