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Mar 20 - 06:55 AM

USD/CHF - Rises To 18-Week High Before Fed, SNB Event Risks

By Rob Howard  —  Mar 20 - 04:40 AM
  • USD/CHF ascends to 0.8904 EBS high ahead of Fed and SNB policy decisions

  • 0.8904 is highest level since Nov 14 (0.9026 was EBS high that day)

  • Risk of SNB rate cut on Thursday at 0830 GMT is weighing on the franc

  • Dollar supported by possibility of hawkish Fed dot plot move at 1800 GMT

  • USD/CHF topside options are a popular trade pre-SNB event risk nL2N3FX0N4

Source:
Refinitiv IFR Research/Market Commentary

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