The USD/CHF pair lost momentum to around 1.3690, ending three consecutive days of gains during Asian trading hours on Friday (6/20). Concerns about the US involvement in the Middle East conflict fueled demand for the Swiss Franc (CHF), a safe-haven currency. The US Philly Fed Manufacturing Index will be published later on Friday.
The conflict between Israel and Iran has entered its seventh day. The White House said that US President Donald Trump will make a decision in the next two weeks on whether to join Israel in the war. Uncertainty about the war raging in the Middle East and fears that direct US involvement will expand the conflict increased safe-haven flows, supporting the Swiss Franc and creating a drag on the pair.
On Thursday, the Swiss National Bank (SNB) decided to cut interest rates by 25 basis points from 0.25% to zero at its June meeting and did not rule out returning borrowing costs to negative territory in the future. The CHF strengthened against the US dollar after the rate decision.
"Unless the situation changes drastically between now and September... today's decision paves the way for a further rate cut in September and a return to negative rates," said Charlotte de Montpellier, economist at ING Bank.
On the other hand, the hawkish tone from the US Federal Reserve (Fed) could support the greenback. The US central bank kept its key lending rate unchanged on Wednesday and maintained its projection for two quarter-point rate cuts this year. Fed Chairman Jerome Powell sounded a cautious note about further easing ahead, saying he expects "meaningful" inflation ahead as a result of Trump's aggressive trade tariffs. (alg)
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...