USD Weakness: The USD has been declining following Fed's Williams' endorsement of a December rate cut, with a 92% probability now for the cut, influenced by weak economic data and speculation about the Fed Chair position.
CHF Stability: The Swiss National Bank (SNB) has maintained steady interest rates, indicating a high threshold for negative rates, leaving the Swiss Franc influenced primarily by risk sentiment.
USDCHF Technical Analysis: The USDCHF pair is currently in a wide range, with a downward trendline on the 4-hour chart suggesting potential selling pressure, while minor support is noted around the 0.8025 level on the 1-hour chart.
Upcoming Economic Data: Key economic reports are expected this week, including the US ISM Manufacturing PMI, Swiss CPI, US ADP, and Jobless Claims, culminating with the University of Michigan Consumer Sentiment report.
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.
