Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

USD/CHF: back to politics

Published 01/22/2017, 02:19 PM
Updated 07/09/2023, 06:32 AM

In the last two months of 2016 the dollar rallied over the USD/CHF thanks to Mr. Trump’s election and Ms. Yellen’s decision to increase the FED interest rate (forecasting three more increases in 2017). In January 2017, the dollar pushed back due to a new American protectionism, hinted first and then declared by Mr.Trump in his inauguration speech: “Buy American, Hire American”.

The dollar first went up to a 1.0330 area (from 0.97/0.98 area) and then back to 1.0010 on January 20th, Inauguration Day, after having tested the parity on Tuesday the 17th. This coming week the parity will probably be tested again, and the turning point from buying to selling will again depend on Mr. Trump’s moves. After a long time during which Central Banks were market movers, International policy makers are back on deck.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.