US Dollar Performance: The US dollar remains stable despite mixed economic data, with traders awaiting the upcoming NFP report for direction. Current market expectations include a potential Fed rate cut by March 2024, contingent on soft economic indicators.
Swiss Franc Outlook: The Swiss National Bank (SNB) maintains a positive outlook, with the Swiss CPI meeting expectations. The SNB is unlikely to change rates unless significant economic downturns occur, keeping the Swiss Franc influenced by risk sentiment.
USD/CHF Technical Analysis: The USD/CHF pair is approaching key resistance near the 0.80 level, with potential for sellers to emerge around 0.7980. A break above this level could lead to bullish momentum towards 0.81.
Upcoming Economic Events: Key economic indicators, including US Jobless Claims and the NFP report, are set to be released soon, alongside a potential Supreme Court decision regarding Trump’s tariffs, which could impact market sentiment.
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 56.660
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Current: 56.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
