Swiss Franc gains as Fed split weighs on USD, US-Iran risks rise
The post Swiss Franc gains as Fed split weighs on USD, US-Iran risks rise appeared on BitcoinEthereumNews.com. USD/CHF extends its decline for a second consecutive day, trading around 0.8065 at the time of writing, losing 0.15% on Thursday, pressured by a weaker US Dollar (USD) following the release of the latest Federal Reserve (Fed) Meeting Minutes. The Minutes showed that policymakers remain divided over the future path of interest rates, with some expecting the policy rate to end the year near its current 3.6% level, while others believe an additional rate hike may be necessary before year-end. This uncertainty over the monetary policy outlook is weighing on the US Dollar, despite resilient US economic data. The latest figures from the Department of Labor showed that Initial Jobless Claims fell to 215K in the week ending July 4 from 217K previously, while Continuing Jobless Claims edged slightly higher to 1.814M. However, geopolitical tensions are limiting the Greenback’s losses. R