Created
: 2025.07.31
- 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 tumbles to below 0.8150 ahead of Trump's tariff deadline
World FX news
Breaking news
USD/CHF tumbles to below 0.8150 ahead of Trump's tariff deadline
2025.07.31 14:35
2025.07.31 14:35
- USD/CHF softens to near 0.8125 in Thursday's early European session, down 0.31% on the day.
- Trade uncertainty continues to underpin the Swiss Franc, a safe-haven currency.
- FOMC voted 9-2 to keep rates where they are at the July meeting on Wednesday, as widely expected.
The USD/CHF pair drifts lower to around 0.8125 during the early European trading hours. The Greenback weakens against the Swiss Franc (CHF) despite the hawkish stance from the US Federal Reserve officials. Traders brace for further developments surrounding tariff policies ahead of US President Donald Trump's deadline.
On Wednesday, Trump said that the United States (US) would charge a 15% tariff on imports from South Korea. The agreement includes a $350 billion commitment from South Korea toward US-owned and controlled investments. Meanwhile, US Commerce Secretary Howard Lutnick said that the US has made trade agreements with Cambodia and Thailand.
Traders will keep assessing the 25% duties on imports from India, along with an unspecified "penalty." Trade uncertainty stemming from fresh US tariff announcements could boost demand for safe-haven currencies such as the CHF and create a headwind for the pair.
On the other hand, reduced expectations of a US rate cut might help limit the USD's losses. The US Fed policymakers voted to keep the key interest rate at the target range of 4.25% to 4.50% at its July meeting on Wednesday, where it has been since December.
Fed Chair Powell reiterated that the Fed remains data-dependent when it comes to making monetary decisions in the coming months, adding that the central bank will carefully monitor the labor market for any signs of weakness ahead. The attention will shift to the US employment data for July, which will be published later on Friday.
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
: 2025.07.31
Related articles
FX option expiries for Aug 21 NY cut
30 minutes agoNZD/USD Price Forecast: Struggles near 0.5820, below 200-day on RBNZ's dovish stance
47 minutes agoUSD/JPY Price Forecast: Trades sideways above 147.00 ahead of key US-Japan events
51 minutes agoAUD/JPY slips near 94.50 as inflation expectations ease in Australia
58 minutes agoEUR/GBP flat lines near 0.8650 as traders await Eurozone/UK PMI data
2025.08.21 14:15USD/INR extends losing streak ahead of flash India-US PMI data for August
2025.08.21 13:58
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
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $63.03 per barrel, up from Wednesday's close at $62.79.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $66.50 price posted on Wednesday, and trading at $66.73.
New
2025.08.21 15:07WTI rises to near $63.00 on large US inventories drawdown
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.00 during the early European trading hours on Thursday. The WTI climbs as US crude inventories fell more than expected.
New
2025.08.21 15:05FX option expiries for Aug 21 NY cut
FX option expiries for Aug 21 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.08.21 14:52NZD/USD Price Forecast: Struggles near 0.5820, below 200-day on RBNZ's dovish stance
The NZD/USD pair touches a fresh low since April 14, around the 0.5815 region, during the Asian session on Thursday and looks to extend the previous day's dovish Reserve Bank of New Zealand (RBNZ) inspired slump.
New
2025.08.21 14:35USD/JPY Price Forecast: Trades sideways above 147.00 ahead of key US-Japan events
The USD/JPY pair consolidates in a tight range around 147.40 during the late Asian trading session on Thursday. The pair trades sideways as investors await Federal Reserve (Fed) Chair Jerome Powell's speech at the on Friday.
New
2025.08.21 14:31AUD/JPY slips near 94.50 as inflation expectations ease in Australia
AUD/JPY continues its losing streak for the third successive session, trading around 94.60 during the Asian hours on Thursday.
New
2025.08.21 14:24EUR/GBP flat lines near 0.8650 as traders await Eurozone/UK PMI data
The EUR/GBP cross trades on a flat note around 0.8655 during the early European session on Thursday. Traders prefer to wait on the sidelines ahead of the preliminary reading of the HCOB Purchasing Managers Index (PMI) for August from the Eurozone and Germany, which are due later on Thursday.
New
2025.08.21 14:15USD/INR extends losing streak ahead of flash India-US PMI data for August
The Indian Rupee (INR) extends its winning streak against the US Dollar (USD) for the fourth trading day on Thursday.
New
2025.08.21 13:58GBP/JPY flat lines above 198.00 as BoE-BoJ policy divergence caps gains ahead of UK PMIs
The GBP/JPY pair holds steady above the 198.00 mark during the Asian session on Thursday, though the lack of any meaningful buying warrants caution before positioning for an extension of the overnight bounce from a nearly two-week low.
New
2025.08.21 13:47USD/CHF edges higher to near 0.8050 ahead of Swiss Trade Balance data, US PMIs
USD/CHF appreciates after registering nearly 0.5% losses in the previous session, trading around 0.8050 during the Asian hours on Thursday.
New
2025.08.21 13:42Disclaimer:
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
