The USD/CHF pair rose near 0.8340 during the early European session on Monday (5/12). The Swiss Franc (CHF) weakened against the Greenback amid easing fears of a trade war between the United States (US) and China, the world's two largest economies.
China and the US have said that they have made progress in trade talks in Switzerland, weighing on safe-haven currencies such as the CHF and providing some fresh air for the pair. US Treasury Secretary Scott Bessent described the discussions as "productive and constructive," while Chinese Vice Premier He Lifeng said trade talks with US officials were an "important first step" in stabilizing bilateral trade relations.
Further, the hawkish stance from the US Federal Reserve (Fed) provided some support to the US Dollar (USD). Fed officials signaled that they are not inclined to cut interest rates anytime soon. Traders expect the US central bank to deliver two more rate cuts by the end of the year.
On the other hand, persistent geopolitical risks could boost safe-haven flows and help limit losses in the CHF. India on Saturday accused Pakistan of violating a ceasefire agreement reached earlier in the day between the two countries' Directors General of Military Operations (DGMOs). Indian Foreign Minister Vikram Misri said Indian troops have been directed to respond firmly to any further ceasefire violations along the Line of Control (LoC) and the international border. (Newsmaker23)
Source: FXstreet
The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Tuesday, with USD/CHF drifting lower as mixed US inflation data reinforced expectations of a Federal Reserve (Fed) rate cut in Septembe...
USD/CHF weakened after two days of gains, trading around 0.8060 during the Asian session on Monday (August 11th). The currency pair weakened amid increasing likelihood that the Fed will deliver multip...
The Swiss Franc (CHF) remains subdued against the US Dollar (USD) on Friday, with USD/CHF hovering in a familiar range established this week, as traders weigh the latest US tariff decision targeting S...
The USD/CHF pair traded with a negative bias for the third consecutive day, despite the lack of further selling amid mixed fundamental signals. Spot prices managed to hold above their weekly low throu...
USD/CHF weakened after two days of gains, trading around 0.8070 during the Asian session on Wednesday (August 6th). The currency pair depreciated as the US dollar (USD) weakened due to strong dovish s...
A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a risk, intensifying debate over the rationale for an interest rate cut next month and leaving the tension between the U.S....
The Japanese Yen (JPY) loses ground against the US Dollar (USD) on Thursday, snapping a two-day winning streak after stronger-than-expected US Producer Price Index (PPI) and steady Weekly Jobless Claims data lifted the Greenback. USD/JPY, which...
European stocks closed sharply higher for a second session on Thursday with continued support from its main sectors as amid optimism that tariffs from the United States will remain below the levels that were previously threatened. The STOXX 50...
On April 6, the Sunday after Donald Trump announced the "Liberation Day" tariffs, Treasury Secretary Scott Bessent joined the president on his...
European stocks closed sharply higher on Wednesday, their highest in two weeks as the outlook of lower interest rates in the United States and the...
Richmond Fed President Thomas Barkin believes that consumer spending behavior—now increasingly selective and inclined to "trade down"—can mitigate...
U.S. Treasury Secretary Scott Bessent said Wednesday that short-term interest rates should be 1.5 to 1.75 percentage points lower than current...