Created
: 2025.03.21
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD/CHF consolidates around 0.8820 despite strength in US Dollar
World FX news
Breaking news
USD/CHF consolidates around 0.8820 despite strength in US Dollar
New
2025.03.21 23:33
2025.03.21 23:33
2025.03.21 23:33
- USD/CHF trades sideways around 0.8820 even though the US Dollar trades strongly.
- Fed Williams believes that the current moderate restrictive policy stance is appropriate.
- The SNB cut its interest rates by 25 bps to 0.25% on Thursday.
The USD/CHF pair flattens around 0.8820 during North American trading hours on Friday. The Swiss Franc pair trades sideways even though the US Dollar (USD) exhibits strength amid expectations that the Federal Reserve (Fed) will not cut its key borrowing rates in the near term.
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, rises to near 104.00.
US Dollar PRICE Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.27% | 0.27% | 0.10% | 0.11% | 0.45% | 0.13% | 0.01% | |
| EUR | -0.27% | 0.02% | -0.16% | -0.12% | 0.19% | -0.06% | -0.27% | |
| GBP | -0.27% | -0.02% | -0.15% | -0.14% | 0.17% | -0.08% | -0.27% | |
| JPY | -0.10% | 0.16% | 0.15% | 0.00% | 0.33% | 0.05% | -0.15% | |
| CAD | -0.11% | 0.12% | 0.14% | -0.01% | 0.30% | 0.06% | -0.13% | |
| AUD | -0.45% | -0.19% | -0.17% | -0.33% | -0.30% | -0.25% | -0.54% | |
| NZD | -0.13% | 0.06% | 0.08% | -0.05% | -0.06% | 0.25% | -0.18% | |
| CHF | -0.01% | 0.27% | 0.27% | 0.15% | 0.13% | 0.54% | 0.18% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Fed officials have stated that they are not in a hurry to move to interest rate cuts as they struggle to interpret the outcome of United States (US) President Donald Trump's economic policies. In Friday's North American session, Chicago Fed Bank President Austan Goolsbee said in an interview with CNBC that the Fed needs to be a "steady hand" and take the "long view" on the economy. Goolsbee added that the central bank needs to know how long the "tariffs last, possible retaliation, pass through to consumers".
Separately, New York Fed Bank President John Williams said that the current modestly restrictive monetary policy is "entirely appropriate" with a "solid job market" and "above-target inflation".
Meanwhile, investors look for fresh updates on reciprocal tariffs from US President Trump, which he is expected to unveil on April 2. Investors expect that the implementation of Trump's reciprocal tariffs will be unfavorable for global economic growth.
The Swiss Franc (CHF) outperforms all peers on Friday even though the Swiss National Bank (SNB) reduced interest rates by 25 basis points (bps) to 0.25% on Thursday. SNB Chairman Martin Schlegel stated after the policy decision that the outlook for Swiss inflation is unclear due to weaker economic growth globally and a possible rise in the CHF value.
US Dollar FAQs
The US Dollar (USD) is the official currency of the United States of America, and the 'de facto' currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world's reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed's 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed's weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.
Last updated
: 2025.03.21
Related articles
Banxico expected to cut rates to 9% - Reuters
2025.03.22 07:13NZD/USD Price Analysis: Kiwi slips as moving average cluster offers key support
2025.03.22 06:11AUD/JPY Price Analysis: Aussie dips slightly as 20-day SMA offers support
2025.03.22 06:05Australian Dollar weakens as AUD/USD remains pressured below 0.6300
2025.03.22 05:48US Dollar firms as geopolitical tension boosts safe-haven demand
2025.03.22 03:55Mexican Peso pressured on economic weakness and trade fears
2025.03.22 02:46
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Banxico expected to cut rates to 9% - Reuters
A Reuters poll revealed that on March 27, Banco de Mexico (Banxico) is expected to cut interest rates by 50 bps amid the evolution of the disinflation process and an ongoing economic slowdown.
New
2025.03.22 07:13NZD/USD Price Analysis: Kiwi slips as moving average cluster offers key support
During Friday's session ahead of the Asian open, NZD/USD declined modestly and was last seen hovering around the 0.5730 area.
New
2025.03.22 06:11AUD/JPY Price Analysis: Aussie dips slightly as 20-day SMA offers support
On Friday's session the AUD/JPY edged slightly lower and was seen trading in the 93.70 area.
New
2025.03.22 06:05Australian Dollar weakens as AUD/USD remains pressured below 0.6300
The AUD/USD pair remained depressed during the American session below the 0.6300 barrier as a stronger US Dollar (USD) and disappointing employment data from Australia continued to weigh.
New
2025.03.22 05:48Silver Price Forecast: XAG/USD crashes toward $33.00, suffers worst daily loss since February
A rebound above $33.10 could trigger a late recovery toward $33.50, but bearish momentum remains dominant.
New
2025.03.22 05:20Gold price dips on Friday but is set for weekly gains amid strong US Dollar
Gold price retreats for the second straight day yet is poised to finish the week in the green amid broad US Dollar (USD) strength and traders booking profits ahead of the weekend.
New
2025.03.22 04:55Dow Jones Industrial Average stalls recovery on volatile Friday
The Dow Jones Industrial Average (DJIA) saw an uptick in volatility on Friday, but settled close to where it started near 42,000 as investors grapple with deciding where to go next.
New
2025.03.22 03:57US Dollar firms as geopolitical tension boosts safe-haven demand
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is ticking higher on Friday, helped by a wave of geopolitical unease.
New
2025.03.22 03:55Mexican Peso pressured on economic weakness and trade fears
The Mexican Peso remained defensive against the US Dollar on Friday, fueled by fears about trade policies the United States (US) implemented amid a busy week in the central bank space.
New
2025.03.22 02:46Fed's Williams: Fed not in a hurry to make next rate decision
Federal Reserve (Fed) Bank of New York John Williams noted during an appearance at the Biennial Macroeconometric Caribbean Conference, in Nassau, that the Fed's job of forecasting economic outcomes is becoming increasingly difficult, specifically under the weight of trade war threats from the Trump administration.
2025.03.22 01:23Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
