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 sentiment surrounding the Federal Reserve's (Fed) policy outlook. Traders will likely be watching upcoming speeches by Fed policymakers, including Susan Collins, Lisa Cook, and Mary Daly.
The US Fed is expected to cut interest rates by 25 basis points in September, following weak labor market data that has raised concerns about the US economic outlook. The market continues to price in a above 90% probability of a Fed rate cut in September, with a total of around 60 basis points of easing expected by the end of the year.
Traders are cautious ahead of US President Donald Trump's latest trade deadline on Friday, when a new wave of high tariffs will take effect on several countries unless a last-minute deal is reached to negotiate lower tariffs. Trump has also threatened to impose tariffs of up to 250% on pharmaceutical imports and potential levies on semiconductors.
On Tuesday, Trump announced that he would name a Fed Chair and Kugler's replacement by the end of the week. He confirmed his choices for Chair, including White House economic adviser Kevin Hassett, former Fed governor Kevin Warsh, and two others. Trump also confirmed that Treasury Secretary Scott Bessent was not his choice for Fed Chair.
The downside movement in the USD/CHF pair may be restrained as the Swiss Franc (CHF) weakens due to growing concerns about the impact of US tariffs on Swiss exports. The Trump administration announced a 39% tariff on Swiss goods, an increase from the 31% tariff imposed in April, which will take effect on August 7. (alg)
Source: FXstreet
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...
The Swiss Franc is the worst performer of the G8 currencies on Monday. Weak Swiss manufacturing data has offset the positive impact of the above-consensus inflation, while the US Dollar shows a mild p...
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....
The Swiss Franc (CHF) steadies against the US Dollar (USD) on Thursday, snapping a six-day losing streak as investors rotate back into the Franc amid renewed safe-haven demand. The cautious tone in ma...
The USD/CHF pair weakened to around 0.8125 during early European trading hours. The US dollar weakened against the Swiss franc (CHF) despite a hawkish stance from US Federal Reserve officials. Traders...
Sterling rose against a weakening dollar on Thursday with the markets watching whether the Bank of England will maintain its "gradual and careful" language on the pace of policy easing at its meeting due later in the day. That slow and steady path...
The Hang Seng rose 171 points or 0.7% to close at 25,082 on Wednesday, reversing early losses as all sectors ended in the green. It was the fourth session of gains, helped by upbeat Chinese trade data. Exports accelerated in July due to...
Switzerland's government will hold an emergency meeting on Thursday to decide its next move after its president returned home empty-handed from an 11th-hour trip to Washington aimed at averting a crippling 39% U.S. import tariff on Swiss goods. An...
European stocks continued their gains for a second consecutive session on Tuesday (June 5), with the STOXX 50 and STOXX 600 rising 0.4%. Investors...
The European Union will suspend its two packages of countermeasures to U.S. tariffs for six months following a deal with U.S. President Donald...
Tensions and fears are running high in Switzerland, as the deadline to strike a trade agreement with the U.S. looms just days away.
Without a deal,...
Wall Street's main indexes bounced back on Monday after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal...