USD/CHF accelerates its reversal to levels near 0.8100
The post USD/CHF accelerates its reversal to levels near 0.8100 appeared on BitcoinEthereumNews.com. The Swiss franc rallies against a weaker USD on risk-averse markets. The “Sell America” returns with US tariffs back into focus. Soft US inflation figures have boosted hopes of Fed cuts in September. The US Dollar is being hammered across the board, with the safe-haven CHF rallying on risk aversion. A mix of scepticism about Trump’s ability to reach any significant trade agreement and soft US inflation figures, which have boosted hopes of further Fed easing, is crushing the US Dollar. The USD/CHF accelerated its reversal from Tuesday’s highs near 0.8250 and is trading 0.8% lower on Thursday, reaching intra-day lows at 0.8120 and drawing closer to a multi-year low at 01840. The “Sell America” trade returns The trade truce between the US and China announced failed to convince investors. The agreement, which still needs to be ratified by Chinese President Xi Jinping, basically restores the trade terms already settled in Geneva last month, with tariffs still at high levels and significant trade restrictions. Not the deal the market was hoping for. If that was not enough to sour market sentiment, Trump stirred the pot further by announcing letters to all trading partners specifying the demands to avoid higher tariffs from June 9. The risk-averse sentiment is weighing on the US Dollar, already hit by the soft US inflation figures seen on Wednesday, which have boosted expectations of further Fed rate cuts in September. Later today, the US PPI release will be closely watched to confirm this view. Tariffs FAQs Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along…
The post USD/CHF accelerates its reversal to levels near 0.8100 appeared on BitcoinEthereumNews.com.
The Swiss franc rallies against a weaker USD on risk-averse markets. The “Sell America” returns with US tariffs back into focus. Soft US inflation figures have boosted hopes of Fed cuts in September. The US Dollar is being hammered across the board, with the safe-haven CHF rallying on risk aversion. A mix of scepticism about Trump’s ability to reach any significant trade agreement and soft US inflation figures, which have boosted hopes of further Fed easing, is crushing the US Dollar. The USD/CHF accelerated its reversal from Tuesday’s highs near 0.8250 and is trading 0.8% lower on Thursday, reaching intra-day lows at 0.8120 and drawing closer to a multi-year low at 01840. The “Sell America” trade returns The trade truce between the US and China announced failed to convince investors. The agreement, which still needs to be ratified by Chinese President Xi Jinping, basically restores the trade terms already settled in Geneva last month, with tariffs still at high levels and significant trade restrictions. Not the deal the market was hoping for. If that was not enough to sour market sentiment, Trump stirred the pot further by announcing letters to all trading partners specifying the demands to avoid higher tariffs from June 9. The risk-averse sentiment is weighing on the US Dollar, already hit by the soft US inflation figures seen on Wednesday, which have boosted expectations of further Fed rate cuts in September. Later today, the US PPI release will be closely watched to confirm this view. Tariffs FAQs Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along…
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