USD/CHF moved lower after posting gains in the previous session, trading around 0.8170 during Asian hours on Monday (6/23). The currency pair depreciated as the Swiss Franc (CHF) gained support from rising safe-haven demand, which was driven by the United States' (US) attack on three Iranian nuclear facilities over the weekend.
US President Donald Trump announced late Saturday that he had "obliterated" Iran's key nuclear sites, including Fordow, Natanz and Isfahan, in overnight strikes, coordinated with Israeli strikes. The Middle East conflict is set to escalate as Tehran vows to defend itself.
Last week, data showed that Switzerland's trade surplus fell to CHF 2.0 billion in May from a downwardly revised CHF 5.4 billion in April. Switzerland's trade balance has posted its smallest surplus since December 2023. Traders will likely be watching the ZEW Survey – Expectations for June and the SNB's Quarterly Bulletin for the second quarter, due out on Wednesday.
In the United States (US), Federal Reserve (Fed) Chairman Christopher Waller noted on Friday that the US central bank could start easing monetary policy as early as next month, signaling flexibility amid global economic uncertainty and rising geopolitical risks.
However, Fed Chairman Jerome Powell previously warned that ongoing policy uncertainty would keep the central bank on hold, and any rate cuts would depend on further improvement in employment and inflation data.(alg)
Source: FXstreet
USD/CHF continued its strengthening for the second consecutive session, trading around 0.8060 during the European session on Tuesday (July 29). The currency pair strengthened as the US dollar (USD) wa...
The USD/CHF pair holds steady near 0.7950 during the early European trading hours on Monday. Progress on the US-EU trade deal might hit safe-haven demand and undermine the Swiss Franc (CHF). Investors...
USD/CHF holds ground after registering losses in the previous three successive sessions, trading around 0.7920 during the European hours on Wednesday. The pair holds ground as the US Dollar (USD) rema...
The USD/CHF pair tumbles to around 0.8030 during the early European session on Friday. Persistent trade tensions and Federal Reserve (Fed) policy uncertainty boost the safe-haven demand, supporting th...
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Tuesday, as traders flock to the Greenback in response to hotter-than-expected US inflation data. The Consumer Price Index (CPI) figures re...
Oil prices edged higher on Tuesday (July 29th) amid optimism that the trade war between the United States and its major trading partners is easing and as President Donald Trump increases pressure on Russia over its war in Ukraine. Brent crude...
Gold held steady as investors prepared for the Federal Reserve's policy decision, a series of key economic data, and the outcome of US trade negotiations. Gold bullion prices traded in a narrow range on Tuesday after weakening in the previous...
The Kremlin said it was "taking note" of Donald Trump's threat to sharply shorten Vladimir Putin's deadline to end his war in Ukraine, although it stressed that the Russian president was unlikely to change course. "I would like to avoid making any...
Europe's Stoxx 600 index erased earlier gains to close 0.23% lower as investors turned less positive over the details of the U.S.-EU trade...
European governments and companies reacted with a mix of relief and concern on Monday (July 28th) to the framework trade agreement reached with US...
The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President...
The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of...