
- USD/CHF ticks higher to near 0.8945 ahead of the Fed policy meeting at 20:00 GMT.
- The Fed is expected to cut interest rates by 25 bps to 4.25%-4.50%.
- The Swiss agency has lowered GDP growth to 0.9% and 1.5% for the current year and 2025, respectively.
The USD/CHF pair moves slightly higher to near 0.8945 in the North American session ahead of the Federal Reserve’s (Fed) monetary policy meeting at 20:00 GMT. The Fed is expected to deliver a 25-basis points (bps) interest rate reduction with slightly hawkish remarks on the policy outlook.
Market participants expect that Fed
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