29 Apr 2015
USD/CHF hits 2-month lows after US GDP
FXStreet (Córdoba) - The US dollar weakened and fell sharply across the board, although it managed to bounce afterward, hit by a slowdown in the US GDP.
US gross domestic product grew at an annualized rate of 0.2% in the Q1, below 1.0% of consensus and 2.2% scored in Q4, due to bad weather, strong dollar and a major port dispute.
USD/CHF fell sharply and scored a 2-month low of 0.9457 before bouncing back above the 0.9500 level. At time of writing, the pair is trading at 0.9515, still 0.34% below its opening price.
Markets’ focus now turns to the Fed statement on monetary policy to be released at 18:00 GMT as investors look for clues to the timing of the central bank's lift-off.
US gross domestic product grew at an annualized rate of 0.2% in the Q1, below 1.0% of consensus and 2.2% scored in Q4, due to bad weather, strong dollar and a major port dispute.
USD/CHF fell sharply and scored a 2-month low of 0.9457 before bouncing back above the 0.9500 level. At time of writing, the pair is trading at 0.9515, still 0.34% below its opening price.
Markets’ focus now turns to the Fed statement on monetary policy to be released at 18:00 GMT as investors look for clues to the timing of the central bank's lift-off.