USD/CHF Reverses Higher as Hot CPI Revives Fed Hike Bets

The USD/CHF outlook centers on a dollar rebound against the Swiss franc, fueled by hot U.S. CPI data and rising Fed rate hike bets. Michael Boutros, StoneX Media Senior Market Analyst, breaks down the weekly, daily and four-hour USD/CHF charts and the inflation data and Federal Reserve commentary behind the move. Stronger than expected month-on-month headline and core CPI readings, along with comments from Federal Reserve officials Christopher Waller, Michelle Bowman and Austan Goolsbee, have lifted expectations for more aggressive tightening. Markets are fully priced for a December Fed rate hike and almost 90% priced for at least another 25-basis point hike by March. On the charts, the U.S. dollar Swiss franc recovery has broken the four-hour downtrend and is testing pitchfork resistance near the 61.8% Fibonacci retracement of the October decline. 00:00 - USD/CHF Holds Its Yearly Pivot 00:54 - Daily Breakout in Sight 01:36 - Four-Hour Downtrend Snaps 02:50 - Hot CPI Lifts Fed Hike Odds 03:30 - December Fed Hike Fully Priced 04:37 - What Breaks the Dollar Rally Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share Like and subscribe for more financial market insights. #USDCHF #StoneX #MichaelBoutros #Forex --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social