USD/CHF trades higher around 0.8000 on Thursday, up 0.20% for the day. The US Dollar (USD) finds support after the Federal Reserve (Fed) delivered a widely expected 25 basis-point rate cut to a range of 3.75%–4.00%, while signaling a slower pace of future easing.
Hyperliquid (HYPE) struggles to overcome the $50.000 psychological resistance, consolidating below this level since Monday, as a bearish divergence in the Relative Strength Index (RSI) on the 4-hour chart suggests that buying pressure is waning.
The European Central Bank (ECB) is expected to stand pat for the third consecutive monetary policy meeting, holding the interest rate on the main refinancing operations, the marginal lending facility and the deposit facility at 2.15%, 2.4% and 2%, respectively.