The USD/CHF pair gains traction for the second consecutive day below the 0.8900 barrier during the early Asian session on Wednesday. At the time of wr
for August came in at 187K, above the prior readings of 157K and beating the expectations of 170K.
According to the World Interest Rates Probabilities tool, market participants anticipate a 25 basis point rate rise for the entire year, bringing rates to 5.75%. Additionally, Federal Reserve Governor Christopher Waller said the Fed has more room to raise interest rates. He added that the data will determine if the Fed needs to raise rates again and whether theOn the other hand, the Swiss economy remained stagnant in the second quarter.
On Tuesday, US Commerce Secretary Gina Raimondo said that she does not anticipate any revisions to US tariffs on China imposed during President Donald Trump's administration until the US Trade Representative's Office completes its ongoing review, according to Reuters. That said, the renewed trade war tension between the US and China might benefit the traditional safe-haven CHF and act as a headwind for USD/CHF.
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