USD/CHF loses ground as the US Dollar weakens for the third consecutive session on Wednesday.
Safe-haven demand for the Swiss Franc rises due to escalating US-China trade tensions.
Traders await Thursday's Swiss Unemployment Rate to gain further insight into the labor market.
USD/CHF continues its decline for the second straight day, trading near 0.9030 during European hours on Wednesday. This downturn is primarily driven by a weaker US Dollar (USD), which is undergoing a technical correction.
The US Dollar Index (DXY), which tracks the USD against six major currencies, remains under pressure for the third consecutive session, hovering around 107.70 at the time of writing. Meanwhile, market participants await Friday's US Nonfarm Payrolls (NFP) data, which could influence the Federal Reserve's (Fed) monetary policy stance.
Adding to the USD's weakness, US President Donald Trump has agreed to a 30-day suspension of the proposed 25% tariffs on Canadian and Mexican imports. This decision follows commitments from Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum to enhance border security in response to concerns over illegal immigration and drug trafficking.
Further weighing on the USD/CHF pair, safe-haven demand for the Swiss Franc (CHF) could have increased due to escalating US-China trade tensions. In retaliation for the new 10% US tariff imposed on Tuesday, China has implemented a 15% tariff on US coal and liquefied natural gas (LNG) imports, along with an additional 10% tariff on crude Oil, farm equipment, and certain automobiles.
On the Swiss economic front, the SVME Purchasing Managers' Index (PMI) inched up to 47.5 in January from 47.0 in December, though it fell short of market expectations of 49.0. The rise was tempered by declines in order backlogs and purchasing inventories, data showed on Monday. Investors now turn their attention to Switzerland's Unemployment Rate, set to be released by the State Secretariat for Economic Affairs (SECO) on Thursday, which will provide further insight into the labor market.(Cay)Newsmaker23
Source: Fxstreet
The USD/CHF currency pair moved steadily near 0.7950 in late Asian trading on Thursday. This movement continued the recovery that began on Wednesday, after a sharp correction on January 19-20. This s...
The USD/CHF pair fell to around 0.7880 in Asian trading on Tuesday (December 30), reversing the previous two days' gains. This movement came as investors awaited the Swiss Federal Open Market Committe...
The USD/CHF currency pair fell on December 16, 2025, amid continued US dollar weakness in global markets. The dollar briefly approached a two-month low as investors awaited key economic data from the ...
The USD/CHF pair weakened to the 0.8030 area at the start of Friday's European session. The US dollar was pressured by strong speculation of a Fed rate cut next week and rumors that White House econom...
USD/CHF continues to trudge its way through familiar technical territory, with price action holding stubbornly just south of the 0.8000 major handle. The Swiss National Bank (SNB) continues to fight b...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...