The Swiss franc underperformed its Group-of-10 peers after President Donald Trump announced a 39% tariff on the nation's products while setting a 10% global minimum rate.
USD/CHF rose 0.2% to 0.8135. The latest tariff on Switzerland was higher than the 31% rate Trump initially threatened to impose in April when he unveiled duties on dozens of trading partners
The Bloomberg Dollar Spot Index inched up 0.1% to the highest level since late May
The downside for the Swiss franc may be limited as that greenback tends to weaken whenever Trump raises tariffs and as Switzerland's currency is considered a safe haven, said Mingze Wu, a currency trader at StoneX Financial
USD/CAD briefly rose 0.1% before turning little changed at 1.3860
Trump said the US will impose a 35% tariff on some imports from Canada after trade negotiations between the two countries broke down. The new rate represents an increase from the 25% tariffs Trump imposed in early March under an emergency law
USD/JPY inched up 0.1% to 150.89
AUD/USD rose 0.2% to 0.6436
EUR/USD slipped 0.1% to 1.1406
Source: Bloomberg
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...
European stocks closed higher on Thursday as investors digested the regional and global economic outlook. The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday's session, with major bourses and sectors mostly...
Silver (XAG/USD) weakened slightly on Thursday (November 27th), trading around $53.25, down 0.15% at the time of writing. The precious metal remained rangebound amid thin liquidity due to the US Thanksgiving holiday. A modest rebound in the US...
Russian President Vladimir Putin said on Thursday (November 27) that a draft outline of a peace proposal being discussed by the United States and Ukraine could form the basis of a future agreement to end the conflict in Ukraine, but that if not,...
The US government posted a higher deficit of $284 billion for October in a report delayed by the recent federal government shutdown, reflecting...
Back-to-back calls between U.S. President Donald Trump and the leaders of Japan and China have so far done little to defuse the diplomatic spat...
The Dow Jones Industrial Average closed higher on Tuesday (November 25th) after posting another rally, as traders weighed expectations for a Federal...
The European stock markets closed higher in Wednesday trading as the Stoxx Europe gained 1.06%, Germany's DAX rose 0.98%, the FTSE 100 advanced...