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USD/CHF hits 1-year highs above 0.9400

FXStreet (Córdoba) - Greenback jumped after the FOMC statement, the pulled back and near the end of Yellen’s press conference is gaining momentum. USD/CHF broke above 0.9400 for the first time in 12 months. The pair peaked at 0.9404 and currently is hovering around 0.9400.

Since the release of the FOMC statement USD/CHF has risen more than 50 pips and remains with bullish momentum as the US dollar hits fresh highs across the board.

The FED kept interest rates unchanged at record lows levels and reduced the asset purchase program (QE) by another $10 billion. According to FOMC projections the rate could rise sooner that it was previously expected. The FED released the usual statement and another, explaining how it plans to normalize monetary policy.

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