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29 Jul 2015
USD/CHF wavers after FOMC statement
FXStreet (Córdoba) - USD/CHF reacted negatively to Federal Reserve monetary policy decision but quickly bounced toward fresh daily highs as investors assess the statement.
The Federal Reserve decided to keep rates unchanged at its July meeting and gave no hints at the timing of the lift-off. However, the FOMC sounded more upbeat regarding the job sector and stated that it will be appropriate to hike rates when “some further improvement” in the labor market is seen.
USD/CHF slid to the 0.9600 area only to bounce back to a fresh daily high of 0.9660 in the minutes that followed the release. At time of writing, USD/CHF is trading at 0.9645, recording a 0.26% gain on the day.
The Federal Reserve decided to keep rates unchanged at its July meeting and gave no hints at the timing of the lift-off. However, the FOMC sounded more upbeat regarding the job sector and stated that it will be appropriate to hike rates when “some further improvement” in the labor market is seen.
USD/CHF slid to the 0.9600 area only to bounce back to a fresh daily high of 0.9660 in the minutes that followed the release. At time of writing, USD/CHF is trading at 0.9645, recording a 0.26% gain on the day.