USD/CHF remains stronger for the second successive session, trading around 0.8240 during the Asian hours on Wednesday. The US Dollar continues to gain ground against its peers, potentially due to a technical correction. However, the "Sell America' trend may limit the upside of the Greenback and the pair.
Traders await the potential meeting of US President Donald Trump and Chinese President Xi Jinping to resolve trade disputes. Any positive development surrounding the US-China trade disputes could improve the market sentiment. However, the two world's largest economies have recently accused each other of breaching the tariff truce reached earlier this month.
On the US data front, Job Openings and Labor Turnover Survey (JOLTS) Job Openings posted 7.39 million new positions in April, higher than March's 7.2 million openings. This figure surprisingly came in above the market expectation of 7.1 million.
US ISM Services Purchasing Managers Index (PMI) survey results are due on Wednesday, and a slight recovery is expected in aggregate business operator sentiment. Traders will shift their focus toward the US Nonfarm Payrolls (NFP) report for May, which is expected to show 130K job additions.
However, the upside of the USD/CHF pair could be restrained as the Swiss Franc (CHF) may receive support from safe-haven flows amid growing global economic uncertainty. Trump's double import tariff on steel and aluminum, increasing from 25% to 50%, came into effect on Wednesday at 04:00 GMT.
Data showed on Tuesday that the Swiss Consumer Price Index declined by 0.1% year-on-year in May, slipping below the Swiss National Bank's (SNB) 0-2% target range and marking the first deflationary reading since March 2021.
Monday's data showed that Swiss GDP grew by 0.5% quarter-on-quarter in the first quarter, improving from a revised 0.3% in Q4 of 2024. However, the Swiss economy fell short of the preliminary expectations of 0.7% growth. Traders expect the Swiss National Bank (SNB) to deliver a 25 basis point rate cut, bringing down the interest rate to 0% from the current 0.25%, with odds of moving into negative territory in the upcoming meeting.
Source: Fxstreet
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...
The USD/CHF pair demonstrates strength near its over two-week high around 0.8000 during Friday's late Asian session, posted on Thursday. The Swiss Franc pair gained sharply on Thursday as the US Dolla...
The US Dollar rally against the Swiss franc was capped at 0.7970 on Monday, and the pair retreated to levels right below 0.7945 as market sentiment deteriorated during the European Session, with all e...
The Swiss Franc (CHF) strengthens modestly against the US Dollar (USD) on Wednesday, with USD/CHF trimming intraday gains as the Greenback softens after softer-than-expected US Producer Price Index (P...
The US dollar traded lower against the Swiss franc for the second consecutive day on Monday (September 8). A weak payrolls report released on Friday continued to weigh on the US dollar, as investors i...
China has confirmed that President Xi Jinping will meet with US President Donald Trump in South Korea on Thursday. The meeting is a highly anticipated one that traders and investors on both sides of the Pacific hope will ease months of trade...
Gold rebounded more than 1% on Wednesday (October 29th) as investors found the precious metal attractive after prices fell to a three-week low in the previous session, while the Federal Reserve's interest rate cut decision and Chairman Jerome...
Brent oil fell again on Wednesday (October 29th) as the market monitored that supply was still too much for demand. Investors began to doubt that new US and European sanctions on major Russian oil companies would actually cut supply, as Russia can...
Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the...
The European session on Tuesday, October 28, 2025, opened on a more cautious note. After consecutive rallies and a new record on the STOXX 600...
European stocks continued to strengthen on Monday, October 27, 2025, as markets grew more confident after the US and China announced they had a...
Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the...