USDCHF Fundamental Analysis – 5-June-2024

The Swiss franc has weakened to $0.9 (USD/CHF), marking a new two-month low. This change is due to softer US economic data, which has eased worries about aggressive interest rate hikes by the Federal Reserve.

Swiss Inflation Data Key for SNB

Investors are now focusing on a crucial Swiss inflation data set that will be released next week. These figures will be essential in shaping the Swiss National Bank’s (SNB) monetary policy. The chances of a rate cut in June have fallen to just under 50% following SNB Chairman Thomas Jordan’s statement on Thursday about a “small upward risk” to the inflation outlook.

This situation underscores the importance of upcoming economic indicators in determining future policy directions.

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Ethan O. Miller

Ethan O. Miller is a seasoned Forex analyst. His insightful articles offer a unique perspective on currency trends, aiding both novice and experienced traders in navigating the Forex market.

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