Created
: 2025.09.19
- 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 extends beyond 0.7950 amid generalised Swiss Franc weakness
World FX news
Breaking news
USD/CHF extends beyond 0.7950 amid generalised Swiss Franc weakness
New
2025.09.19 20:44
2025.09.19 20:44
2025.09.19 20:44
- The US Dollar extends gains against a weaker Swiss Franc on Friday and returns above 0.7950.
- Strong US jobless claims and an unexpected rebound in a manufacturing index have given a fresh push to the USD.
- The Swiss Franc remains on the back foot amid speculation that the SNB might cut rates into negative levels next week.
The US Dollar appreciates against the Swiss Franc for the third consecutive day, returning to levels beyond 0.7950 to regain most of the ground lost in the first half of the week.
The US Dollar bounced up from multi-year lows at 0.7830, after the Federal Reserve confirmed a widely expected rate cut. Fed Chairman Jerome Powell tempered some hopes of a steep monetary easing cycle ahead, warning about the looming upside risks to inflation stemming from higher tariffs and providing some impetus to the USD.
On Thursday, better-than-expected US weekly jobless claims figures and a sharp recovery of the Philadelphia Fed Manufacturing Index calmed fears of a sharp economic downturn and underpinned the US Dollar's recovery.
On the other hand, the Swiss Franc remains offered across the board on Friday amid speculation that the Swiss National Bank might cut interest rates into negative territory next week. Recent data support that view, as both the CPI and the PPI fell into deflationary levels against expectations in August, retail consumption slowed down, and economic growth lost momentunm in the second quarter.
SNB FAQs
The Swiss National Bank (SNB) is the country's central bank. As an independent central bank, its mandate is to ensure price stability in the medium and long term. To ensure price stability, the SNB aims to maintain appropriate monetary conditions, which are determined by the interest rate level and exchange rates. For the SNB, price stability means a rise in the Swiss Consumer Price Index (CPI) of less than 2% per year.
The Swiss National Bank (SNB) Governing Board decides the appropriate level of its policy rate according to its price stability objective. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame excessive 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.
Yes. The Swiss National Bank (SNB) has regularly intervened in the foreign exchange market in order to avoid the Swiss Franc (CHF) appreciating too much against other currencies. A strong CHF hurts the competitiveness of the country's powerful export sector. Between 2011 and 2015, the SNB implemented a peg to the Euro to limit the CHF advance against it. The bank intervenes in the market using its hefty foreign exchange reserves, usually by buying foreign currencies such as the US Dollar or the Euro. During episodes of high inflation, particularly due to energy, the SNB refrains from intervening markets as a strong CHF makes energy imports cheaper, cushioning the price shock for Swiss households and businesses.
The SNB meets once a quarter - in March, June, September and December - to conduct its monetary policy assessment. Each of these assessments results in a monetary policy decision and the publication of a medium-term inflation forecast.
Last updated
: 2025.09.19
Related articles
United States FX Today: The US Dollar between dissension at the Fed and an avalanche of speeches
59 minutes agoEUR/GBP climbs to six-week highs as UK stagflation concerns weigh on Sterling
59 minutes agoEUR is underperforming most G10 on softer data - Scotiabank
2025.09.19 20:53CAD is trading defensively on wider spreads - Scotiabank
2025.09.19 20:51USD extends post-FOMC gains - Scotiabank
2025.09.19 20:49NZD/USD Price Forecast: USD bulls keep Kiwi pair below 200-day EMA
2025.09.19 20:47
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
United States FX Today: The US Dollar between dissension at the Fed and an avalanche of speeches
The US Dollar (USD) is up on Friday, with the US Dollar Index (DXY) trading at 97.74, up 0.4% on the session. The rebound from Wednesday's Federal Reserve (Fed) meeting is continuing.
New
2025.09.19 22:19EUR/GBP climbs to six-week highs as UK stagflation concerns weigh on Sterling
The Euro (EUR) extends gains against the British Pound (GBP) for the second day, with EUR/GBP surging to its highest level since August 7 despite stronger-than-expected UK Retail Sales data.
New
2025.09.19 22:19Gold steadies on Fed outlook, US Dollar strength caps gains
Gold (XAU/USD) steadies on Friday, snapping a two-day losing streak after a volatile midweek reaction to the Federal Reserve's (Fed) interest rate decision. At the time of writing, XAU/USD is trading around $3,650 at the start of the American session.
New
2025.09.19 21:18EUR is underperforming most G10 on softer data - Scotiabank
The Euro (EUR) is down 0.2% vs. the USD and a relative underperformer against most of the G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.09.19 20:53CAD is trading defensively on wider spreads - Scotiabank
The Canadian Dollar (CAD) is soft, trading defensively with a modest 0.1% decline against the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.09.19 20:51USD extends post-FOMC gains - Scotiabank
The US Dollar (USD) remains well supported as it extends this week's postFOMC gains with broad strength against all of the G10 currencies with the exception of JPY, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.09.19 20:49NZD/USD Price Forecast: USD bulls keep Kiwi pair below 200-day EMA
The NZD/USD pair slides to near 0.5855 during the late European trading session on Friday, the lowest level seen in 10 days. The Kiwi pair weakens as the US Dollar (USD) extends its recent recovery move, with the US Dollar Index (DXY) rising to near 97.60.
New
2025.09.19 20:47USD/CNH: Any advance is unlikely to threaten the 7.1220 level - UOB Group
Further uptick in upward momentum may lead to US Dollar (USD) edging higher; any advance is unlikely to threaten the 7.1220 level. In the longer run, USD must break and hold below 7.0860 before further downside is likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.09.19 20:47USD/CHF extends beyond 0.7950 amid generalised Swiss Franc weakness
The US Dollar appreciates against the Swiss Franc for the third consecutive day, returning to levels beyond 0.7950 to regain most of the ground lost in the first half of the week.
New
2025.09.19 20:43Virtually no Gold exports from Switzerland to the US in August - Commerzbank
The Swiss customs authorities have published data on Gold exports in August, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2025.09.19 20:39Disclaimer:
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
