“¢ A modest USD rebound helped find some support near the 0.9900 handle. “¢ Risk-off mood underpinned CHF and kept a lid on the attempted recovery. “¢ SNB policy decision/upbeat US economic data do little to impress bulls. The USD/CHF pair struggled to register any meaningful recovery and remained within striking distance of over two-month lows, set in the previous session. The Fed, in its latest monetary policy update on Wednesday, indicated there will be no more rate hikes in 2019 and also downgraded its economic outlook. The US central bank further said the unwinding of its balance sheet would end in September and triggered a broad-based US Dollar sell-off. The pair extended its recent retracement slide from near four-month tops and tumbled to sub-0.9900 level for the first time since January 17, albeit showed some resilience at lower levels. A modest USD rebound did provide a minor intraday lift, albeit lacked any strong bullish conviction. The prevalent risk-off mood, as depicted by heavy losses across European equity markets and reinforced by sliding US Treasury bond yields, was seen underpinning the Swiss Franc’s relative safe-haven status and turned out to be one of the key factors that kept a lid on any meaningful recovery for the major. Meanwhile, today’s SNB decision passed rather unnoticed, as did the US economic data – stronger Philly Fed manufacturing index and initial weekly jobless claims data, through help limit further downside/deeper losses, at least for the time being. Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Russia: CBR to keep its rates on hold – TDS FX Street 4 years "¢ A modest USD rebound helped find some support near the 0.9900 handle. "¢ Risk-off mood underpinned CHF and kept a lid on the attempted recovery. "¢ SNB policy decision/upbeat US economic data do little to impress bulls. The USD/CHF pair struggled to register any meaningful recovery and remained within striking distance of over two-month lows, set in the previous session. The Fed, in its latest monetary policy update on Wednesday, indicated there will be no more rate hikes in 2019 and also downgraded its economic outlook. The US central bank further said the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.