The USD/CHF pair trades in a tight range around 0.7960 during the late Asian trading session on Monday. The Swiss Franc pair flattens as the US Dollar (US) is expected to remain on the sidelines ahead of the monetary policy announcement by the Federal Reserve (Fed) on Wednesday.
The USD/JPY pair holds steady near 147.60 during the early Asian session on Monday. The expectations that the US Federal Reserve (Fed) will deliver its first rate cut of the year this week could weigh on the US Dollar (USD) against the Japanese Yen (JPY).
The Pound Sterling retreats during the North American session by a modest 0.10% on Friday as the Greenback recovers some ground, after a week that witnessed US inflation remains steady above the Fed’s 2% goal but controlled. The GBP/USD trades at 1.3556 after hitting a daily high of 1.3580.