The USD/CHF exchange rate drifted upwards ahead of the upcoming Swiss National Bank (SNB) and the Federal Reserve interest rate decisions. The pair jumped to a high of 0.8840, which was much higher than the YTD low of 0.8333.
PixabaySNB and Fed decisionsThe USD/CHF pair will be in the spotlight this week as investors focus on key central bank decisions from the SNB and the Federal Reserve. The two will deliver their decisions on Wednesday and Thursday, respectively.These two meetings will set the tone for what to expect in the next few months. In the US, the Federal Reserve will likely provide more hints on when it will start cutting interest rates. The recent economic numbers have painted a mixed picture about the American economy. A report published last week revealed that inflation was a big thorn in the flesh for the Federal Reserve.The headline Consumer Price Index (CPI) rose by 3.1% in February while core CPI soared by 3.8%. Further, wholesale prices also continued rising during the month.More By This Author:Transocean Stock: Technicals Point To A 17% Upside Navigating SoFi Technologies’ Price Dip: Will $6.5 Support Hold? EUR/AUD Buy Opportunity As Resistance Becomes Support
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