The USD/CHF pair edges up to near 0.7900 during the late Asian trading session on Monday. The Swiss Franc pair trades mildly higher as the US Dollar (USD) ticks up, with the US Dollar Index (DXY) rising to near 98.15.
The US Dollar attracts bids even as traders remain confident that the Federal Reserve (Fed) will cut interest rates by at least 50 basis points (bps) in 2026.
According to the CME FedWatch tool, the odds of the Fed reducing interest rates by at least 50 bps in 2026 are 73.3%.
For fresh cues on the Fed’s monetary policy outlook, investors will focus on Federal Open Market Committee (FOMC) minutes of the December meeting, which will be published on Tuesday. In the policy meeting, the Fed reduced the Federal Funds Rate by 25 basis points (bps) to 3.50%-3.75%, and signaled one in 2026.
This week, investors will also focus on the United States (US) Initial Jobless Claims data,…
