Created
: 2025.09.11
- 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 trades with negative bias below 0.8000; focus remains on US CPI report
World FX news
Breaking news
USD/CHF trades with negative bias below 0.8000; focus remains on US CPI report
2025.09.11 13:44
2025.09.11 13:44
- USD/CHF ticks lower during the Asian session, though it lacks any strong follow-through selling.
- A positive risk tone and SNB Chief Schlegel's remarks undermine the CHF and support the major.
- The US CPI report will drive the USD later this Thursday and provide a fresh impetus to the pair.
The USD/CHF pair struggles to capitalize on its gains registered over the past two days and trades with a mild negative bias, below the 0.8000 psychological mark during the Asian session on Thursday. The downside, however, remains cushioned as traders opt to wait for the latest US consumer inflation figures.
The crucial US Consumer Price Index (CPI) is due for release later during the North American session and will play a key role in influencing market expectations about the possibility of a jumbo interest rate cut by the Federal Reserve (Fed) next week. This, in turn, will drive the US Dollar (USD) demand in the near-term and provide some meaningful impetus to the USD/CHF pair.
Heading into the key data risk, traders have been pricing in the possibility of a more aggressive policy easing by the US central bank and have almost fully priced in three rate cuts for the rest of the year. The bets were lifted by the cooler US Producer Price Index (PPI) released on Wednesday, which is seen weighing on the USD and acting as a headwind for the USD/CHF pair.
However, a generally positive risk tone, along with Swiss National Bank (SNB) Chairman Martin Schlegel's dovish remarks on Wednesday, could undermine the safe-haven Swiss Franc (CHF). In fact, Schlegel said that the central bank would not hesitate to cut rates again if conditions warrant, though the bar for returning to negative interest rates remains very high.
This, in turn, makes it prudent to wait for strong follow-through selling before confirming that the USD/CHF pair's recovery from the 0.7915 area, or the lowest level since July 23 touched earlier this week, has run out of steam. Bullish traders, on the other hand, need to wait for sustained strength and acceptance above the 0.8000 mark before positioning for further gains.
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
: 2025.09.11
Related articles
Trump announces additional tariffs on China, to begin November 1
2025.10.11 06:42EUR/USD rebounds above 1.1600 as trade war escalates, Macron appoints PM
2025.10.11 06:33Australian Dollar slumps to one-month low amid renewed US-China trade tensions
2025.10.11 03:05Fed's Musalem: A balanced approach to monetary policy only works if inflation expectations are anchored
2025.10.11 02:35EUR/JPY retreats from record high as French political uncertainty weighs on Euro
2025.10.11 02:13Trump's tariff threat on China sinks US Dollar as market sentiment deteriorates
2025.10.11 01:34
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
Trump announces additional tariffs on China, to begin November 1
US President Donald Trump hit markets with a fresh tariff threat on Friday, continuing his lashout at China over their decision to impose even stricter export licensing requirements on foreign entities trying to move critical rare earths minerals out of China.
New
2025.10.11 06:42EUR/USD rebounds above 1.1600 as trade war escalates, Macron appoints PM
The EUR/USD pair recovers some ground on Friday, climbing above 1.1600 as the Greenback plunges, driven by an escalation of the trade war between the US and China. However, gains seem capped by the political turmoil and weaker-than-expected data in the Eurozone (EZ).
New
2025.10.11 06:33Gold surges near $4,000 as US-China trade tensions ignite haven demand
Gold price rises during the North American session on Friday amid an escalation of the trade war between the US and China. This, the US government shutdown and expectation for further easing by the Federal Reserve (Fed) keep the yellow metal bid.
New
2025.10.11 04:12WTI Crude Oil collapses below $60 after Trump reignites US-China trade war fears
West Texas Intermediate (WTI) US Crude Oil prices collapsed below $60.00 per barrel on Friday, tumbling over 4% in Oil's worst single-day performance since June's sharp pullback.
New
2025.10.11 03:41Dow Jones Industrial Average tumbles as Trump reignites tariff talk
The Dow Jones Industrial Average (DJIA) soured sharply on Friday, plummeting to its lowest bids in nearly three weeks and declining over 900 points top-to-bottom after US President Donald Trump pulled out of trade talks with Chinese President Xi Jinping and vowed to sharply increase import tariffs o
New
2025.10.11 03:06Australian Dollar slumps to one-month low amid renewed US-China trade tensions
The Australian Dollar (AUD) slumps against the US Dollar (USD) on Friday, with AUD/USD plunging to over one-month lows after US President Donald Trump threatened a "massive increase" in tariffs on Chinese imports, reigniting fears of a renewed trade war between the world's two largest economies.
New
2025.10.11 03:05Fed's Musalem: A balanced approach to monetary policy only works if inflation expectations are anchored
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem spoke about the United States (US) economy and monetary policy at a fireside chat before the Springfield Area Chamber of Commerce and Public policy speakers, stating that inflation is running high.
New
2025.10.11 02:35EUR/JPY retreats from record high as French political uncertainty weighs on Euro
The Euro (EUR) extends its pullback against the Japanese Yen (JPY) on Friday, with EUR/JPY losing 0.35% to 176.40 at the time of writing, after reaching an all-time high of 177.94 in the previous session.
New
2025.10.11 02:13Trump's tariff threat on China sinks US Dollar as market sentiment deteriorates
The US Dollar Index (DXY) drops by 0.48% to trade around 98.90 on Friday at the time of writing, extending its recent weakness as global investors react to a new escalation in trade tensions between the United States (US) and China.
New
2025.10.11 01:34EUR/USD steadies amid French political turmoil and prolonged US shutdown
The Euro (EUR) is showing signs of stabilization against the US Dollar (USD) on Friday, pausing a four-day losing streak as the Greenback softens modestly. At the time of writing, EUR/USD trades near 1.1588, up around 0.22% on the day, after dipping to a two-month low on Thursday.
New
2025.10.11 00:39Disclaimer:
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
