USD/CHF jumps to near two-week high, 0.9200 back in sight amid stronger USD By HareshMenghani USDCHF RiskAppetite Fed Bonds Currencies
A positive opening across the European equity markets undermined the safe-haven CHF.pair scaled higher through the early European session and shot to a nearly two-week high, around the 0.9180 region in the last hour.
The greenback remained well supported by expectations that the Fed will tighten its policy faster than anticipated. In fact, the markets seem convinced that the Fed will begin raising interest rates in March and have been pricing in a total of four hikes in 2022. Adding to this, rebounding US Treasury bond yields further assisted the USD to hold steady near a two-week high.
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