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Jun 26 - 07:55 AM

USD/CHF - Down To New 10-Year Low On Fed Credibility Concerns

By Robert Howard  —  Jun 26 - 05:41 AM

• USD/CHF falls to 0.7982 EBS low as Fed credibility concerns weigh on dollar

• 0.7982 is lowest level since the "Frankenshock" in January 2015

• Fed credibility concern flames fanned by Wall Street Journal report

• WSJ says Trump mulls announcing Powell's successor as early as September

• Trump says he is considering three or four candidates for next Fed chair

• There is a big 0.80 option expiry on Monday (June 30); $1.7 billion strike

USDCHF


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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