Created
: 2025.04.15
- 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 holds near 0.8150 as Swiss Franc receives support from persistent safe-haven flows
World FX news
Breaking news
USD/CHF holds near 0.8150 as Swiss Franc receives support from persistent safe-haven flows
New
2025.04.15 17:33
2025.04.15 17:33
2025.04.15 17:33
- USD/CHF stays close to the 0.8099 level--its lowest point since September 2011.
- The Swiss Franc continues to benefit from safe-haven demand, its appeal could ease if global risk sentiment improves.
- Deutsche Bank has revised its outlook, now forecasting a 25 basis point rate cut in December.
USD/CHF moves sideways after registering losses in the previous three successive sessions, hovering around 0.8150 during the European trading hours on Tuesday. The pair remains within striking distance of the 0.8099 mark--its lowest level since September 2011--briefly touched on April 11.
The Swiss Franc (CHF) remains supported by safe-haven flows as investor uncertainty lingers amid unpredictable US trade and economic policies. Some market relief emerged after US President Donald Trump announced temporary exemptions on key tech products--including semiconductors and smartphones--from the latest round of tariffs on Chinese imports.
However, the CHF's safe-haven appeal may be tempered by an improvement in global risk sentiment. On Monday, Trump signaled potential temporary relief from the proposed 25% auto tariffs, aiming to give automakers time to adjust supply chains.
Meanwhile, downside pressure on the USD/CHF pair may be limited as the US Dollar attempts to stabilize amid growing concerns over stagflation. In early Tuesday trading, Atlanta Fed President Raphael Bostic stated that the Federal Reserve still has "a long way to go" to bring inflation down to its 2% target, cooling expectations for imminent rate cuts.
In a notable policy shift, Deutsche Bank now projects a 25 basis point rate cut in December--its first anticipated cut for 2025--followed by two additional cuts in Q1 2026. The bank sees the terminal rate settling between 3.5% and 3.75%.
Swiss Franc FAQs
The Swiss Franc (CHF) is Switzerland's official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country's economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc's value, causing a turmoil in markets. Even though the peg isn't in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone.
The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country's currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in.
The Swiss National Bank (SNB) meets four times a year - once every quarter, less than other major central banks - to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF.
Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc's (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank's currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate.
As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland's main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.
Last updated
: 2025.04.15
Related articles
New Zealand's CPI inflation rises to 2.5% YoY in Q1 vs. 2.3% expected
12 minutes agoNZD/USD Price Analysis: Kiwi stretches gains near 0.59 but momentum signals caution
2025.04.17 06:50USD/JPY struggles amid trade tensions, pair capped below key moving averages
2025.04.17 05:27GBP/JPY Price Analysis: Bears extend control as Pound weakens near 188
2025.04.17 05:21Mexican Peso rallies as USD/MXN falls below 20.00 on cautious Powell statements
2025.04.17 05:00Forex Today: What if the ECB...?
2025.04.17 04:26
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
New Zealand's CPI inflation rises to 2.5% YoY in Q1 vs. 2.3% expected
New Zealand's Consumer Price Index (CPI) rose 2.5% YoY in the first quarter (Q1) of 2025, compared with the 2.2% increase seen in the fourth quarter of 2024, according to the latest data published by Statistics New Zealand on Thursday.
New
2025.04.17 07:48Gold price soars to fresh record high as trade tensions sink US Dollar
Gold price extended its record streak for the third time in the week as the Greenback weakened due to tensions between China and the US related to trade policies. These tensions are increasing the appeal of safety assets like precious metals.
New
2025.04.17 07:45NZD/USD Price Analysis: Kiwi stretches gains near 0.59 but momentum signals caution
The NZD/USD pair advanced for a third session on Wednesday, holding near the 0.5900 region ahead of the Asian session. The pair saw modest gains and remained confined within a relatively tight range between 0.58865 and 0.59308, suggesting a steady bullish tone.
New
2025.04.17 06:50USD/JPY struggles amid trade tensions, pair capped below key moving averages
USD/JPY price analysis: Dollar struggles amid trade tensions, pair capped below key moving averages
New
2025.04.17 05:27GBP/JPY Price Analysis: Bears extend control as Pound weakens near 188
The GBP/JPY pair continued to edge lower on Wednesday, falling toward the 188 zone and marking a daily decline of nearly 0.9%. The cross remains anchored near the bottom of its range between 187.668 and 189.664, reinforcing the weight of recent selling pressure.
New
2025.04.17 05:21Mexican Peso rallies as USD/MXN falls below 20.00 on cautious Powell statements
The Mexican Peso continues to appreciate against the US Dollar as market appetite remains sour, while Fed Chair Jerome Powell emphasized that he remains slightly focused on inflation as the economy is near maximum employment. At the time of writing, the USD/MXN trades at 19.96, down 0.58%.
New
2025.04.17 05:00Forex Today: What if the ECB...?
The Greenback resumed its bearish sentiment and returned to the area of multi-month troughs on Wednesday, always against an unchanged tariff backdrop and Chief Powell's neutral message from his remarks in Chicago.
New
2025.04.17 04:26Australian Dollar strengthens on improved sentiment despite lingering China risks
The Australian Dollar (AUD) regained ground on Wednesday, lifting toward the 0.6400 area during the American session, as improving risk sentiment and a broadly weaker US Dollar (USD) helped AUD/USD shake off recent losses.
New
2025.04.17 04:26US Treasury Secretary Bessent: The US is ready to get Iran's energy exports to zero
The US Treasury Secretary Scott Bessent posted in X.com that the Trump administration will apply maximum pressure on Iran to disrupt the regime's oil supply chain and exports, due to the country's supporting terrorist proxies and partners.
New
2025.04.17 04:12US Dollar dips while Gold hits fresh record amid tariff tensions
The US Dollar Index (DXY) is under pressure on Wednesday, seen around the 99.50 zone as risk aversion keeps investors tilted toward safe-haven assets like Gold.
New
2025.04.17 02:43Disclaimer:
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
