USD/CHF Trend Analysis
Investors are nervous as the FOMC holds its two-day policy meeting on Wednesday. Officials from the Federal Reserve are expected to mark a start to reducing the monthly asset purchase program. Meanwhile, the Swiss government has cut its economic growth prediction for this year by 3.2 percent. According to the State Secretariat for Economic Affairs (SECO), a weaker global recovery, supply-chain bottlenecks, and stricter coronavirus measures were the key reasons for the reduction in growth predictions. For the time being, traders are waiting for new trading impetus from the Swiss Balance of Trade, US Current Account, Housing Starts, and Building Permits.
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