I don't see much discussion of USDCHF very often...
According to the calendar, there is to be an interest rate statement in 9.5 hours. The prediction is that the rate will go up by a quarter percent.
I see that USDCHF has been on a tear lately going up about 280 pips since June 6th. That leads me to believe that the market thinks they won't increase interest rates. Otherwise the price would go down since increasing interest rates make a currency more valuable, thus USDCHF should be going down.
Any ideas on if they will go increase rates?
According to the calendar, there is to be an interest rate statement in 9.5 hours. The prediction is that the rate will go up by a quarter percent.
I see that USDCHF has been on a tear lately going up about 280 pips since June 6th. That leads me to believe that the market thinks they won't increase interest rates. Otherwise the price would go down since increasing interest rates make a currency more valuable, thus USDCHF should be going down.
Any ideas on if they will go increase rates?