USD/CHF rose near 0.8840, tallying 0.70% daily gains.
Thomas Barkin from Richmond’s Fed pointed out that the sooner inflation decelerates, the sooner the cuts.
Jobless Claims from the US came in higher than expected.
In Thursday’s session, the USD/CHF gained ground near 0.8840 and seems en route to the 100-day Simple Moving Average (SMA) at 0.8890. On the US side, strong Jobless Claims figure and higher US yields traction the USD while the Swiss calendar had nothing relevant to offer.
Ahead of Jerome Powell’s speech on Friday at the Jackson Hole Symposium, the US reported lower-than-expected Jobless Claims from the second week of August. As a reaction, the US Treasury yields are rising, making the USD gain interest. In that sense, lower people filing for unemployment benefits indicates a robust labour market that could give the Federal Reserve (Fed) the green light to remain hawkish.
On the other hand, Thomas Barkin stated that the Fed has already done enough and that the sooner inflation comes down, the sooner the bank will start cutting rates. That said, Chair Powell’s words will be the highlight for investors to continue modelling their expectations towards the Fed’s next moves
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论。 来发表第一条观点吧。