Created
: 2025.07.10
- 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 recovers few pips from weekly low, remains below mid-0.7900s
World FX news
Breaking news
USD/CHF recovers few pips from weekly low, remains below mid-0.7900s
2025.07.10 13:42
2025.07.10 13:42
- USD/CHF attracts some dip-buying on Thursday amid a combination of supporting factors.
- A positive risk tone undermines the CHF and supports the pair amid a modest USD uptick.
- Trade jitters and Fed rate cut bets might hold back bulls from placing aggressive bets.
The USD/CHF pair rebounds a few pips from a fresh weekly low touched during the Asian session on Thursday and for now, seems to have stalled this week's slide from the vicinity of the 0.8000 psychological mark. Spot prices, however, lack bullish conviction and currently trade around the 0.7940 region, unchanged for the day amid mixed cues.
Asian stocks tracked the overnight move up in the US equity markets, which, in turn, undermines demand for the safe-haven Swiss Franc (CHF). The US Dollar (USD), on the other hand, draws some support from diminishing odds for a rate cut by the Federal Reserve (Fed) in July and turns out to be another factor acting as a tailwind for the USD/CHF pair.
However, Minutes from the June 17-18 FOMC meeting released on Wednesday left the door open for more interest rate cuts by the end of this year. This might hold back the USD bulls from placing aggressive bets. Moreover, trade-related uncertainties could keep a lid on any optimism in the markets and contribute to capping the upside for the USD/CHF pair.
In fact, US President Donald Trump issued tariff notices to eight minor trading partners on Wednesday and said that there will be no extensions for the countries that receive letters. Furthermore, Trump stressed that any retaliatory levies will be added to the existing US tariffs and also announced that the 50% tariff on copper imports will take effect on August 1.
This, in turn, makes it prudent to wait for strong follow-through buying before positioning for the resumption of the USD/CHF pair's recent bounce from the 0.7870 region, or the lowest level since September 2011 touched last week. Traders now look to the release of the US Weekly Initial Jobless Claims and speeches from influential FOMC members for a fresh impetus.
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
: 2025.07.10
Related articles
USD/CHF climbs as Swiss data beats fail to offset trade worries, US Dollar firms
54 minutes agoJapanese Yen gains ground ahead of BoJ minutes, USD under pressure amid policy uncertainty
2025.08.05 03:50Forex Today: Focus shifts to the services sector
2025.08.05 03:46Canadian Dollar treads water as bullish Greenback pressure eases
2025.08.05 01:58GBP/USD rebounds as Fed fate cut bets rise on weak US jobs data
2025.08.05 01:33Australian Dollar falters below 0.6500 as RBA rate cut bets weigh on sentiment
2025.08.05 01:28
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
Gold price surges on speculation of September Fed rate cut following weak US jobs data
Gold price posted modest gains on Monday as expectations that the Federal Reserve (Fed) could cut interest rates rose since last Friday, following last Friday's dismal US Nonfarm Payrolls report. The XAU/USD trades at $3,375, edges up 0.39%.
New
2025.08.05 04:46USD/CHF climbs as Swiss data beats fail to offset trade worries, US Dollar firms
The Swiss Franc (CHF) edges lower against the US Dollar (USD) on Monday, snapping a two-day winning streak as the Greenback stabilizes, supported by a rebound in Treasury yields following last week's soft jobs data.
New
2025.08.05 04:30Japanese Yen gains ground ahead of BoJ minutes, USD under pressure amid policy uncertainty
The Japanese Yen (JPY) extended its gains against the US Dollar (USD) on Monday, strengthening slightly after staging a sharp rebound from a four-month low of 150.84 following Friday's disappointing US employment report.
New
2025.08.05 03:50Forex Today: Focus shifts to the services sector
The US Dollar (USD) navigated a mildly positive start to the new trading week, as investors continued to digest Friday's severe pullback in response to the dismal prints from the US Nonfarm Payrolls.
New
2025.08.05 03:46Dow Jones Industrial Average claws back ground after a week of declines
The Dow Jones Industrial Average (DJIA) bounced back on Monday, clawing back over 500 points and scrambling back over the 44,000 major handle as equity markets recovered their footing following last week's late rout fueled by worse-than-expected hiring figures from the latest Nonfarm Payrolls (NFP)
New
2025.08.05 03:06Canadian Dollar treads water as bullish Greenback pressure eases
The Canadian Dollar (CAD) found some much-needed footing on Monday, trading in a steady range near 1.3775 against the US Dollar (USD).
New
2025.08.05 01:58GBP/USD rebounds as Fed fate cut bets rise on weak US jobs data
The GBP/USD rallies for the second straight day, up by 0.12% following a dismal jobs report in the United States (US). The data prompted investors to price in a rate cut by the Federal Reserve at the upcoming September meeting. The pair trades at 1.3289, after bouncing off daily lows of 1.3253.
New
2025.08.05 01:33Australian Dollar falters below 0.6500 as RBA rate cut bets weigh on sentiment
The Australian Dollar (AUD) loses traction against the US Dollar (USD) on Monday, as the Greenback stabilizes in the aftermath of Friday's disappointing Nonfarm Payrolls (NFP) report. July's jobs report delivered a clear downside surprise.
New
2025.08.05 01:28US President Trump: Will substantially raise tariff on India
United States (US) President Donald Trump said that he will raise the tariff rate on Indian imports "substantially."
New
2025.08.05 00:12EUR/USD pauses below 1.1600 as soft US labor data lifts interest rate cut hopes, Eurozone outlook weakens
The Euro (EUR) holds firm against the US Dollar (USD) on Monday, consolidating Friday's sharp gains after a weaker-than-expected US Nonfarm Payrolls (NFP) report fueled expectations that the Federal Reserve (Fed) will cut interest rates as soon as September.
New
2025.08.05 00:00Disclaimer:
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
