USD/CHF gathers strength above 0.9100 amid hawkish Fed remarks
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The USD/CHF pair is trading on a positive note, supported by lower rate cut expectations from the Federal Reserve (Fed). Several Fed officials prefer to wait longer than previously expected to cut rates due to high inflation readings. SNB Chairman Thomas Jordan emphasized that monetary policy should remain focused on price stability. The pair's upside may be capped by escalating geopolitical tensions in the Middle East. The highlights for the week include the preliminary US Gross Domestic Product Annualized for Q1 and the Personal Consumption Expenditures Price Index. The pair is currently trading near 0.9115.
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