USD/CHF Price Analysis: Meanders around 1.0000 as traders brace for Fed’s decision

From fxstreet.com

The USD/CHF clings to parity for the second consecutive day, trading at 1.0028, recording minimum gains of 0.11%, ahead of the US Fed monetary policy decision. Positive sentiment is weighing on safe-haven peers, in this case, the Swiss franc. European and US stocks are recovering, but the correction could be short-lived unless Fed Chair Powell & Co disappoints investors. In the meantime, the greenback remains in the driver’s seat. The US Dollar Index, a gauge of the buck’s value against a basket of six currencies, edges up 0.04% and clings to 105.516. Contrarily, US Treasury yields are under pressure. The ... (full story)