Select Language

USD/CHF revisits monthly high slightly above 0.8000 as US Dollar trades firmly

Breaking news

USD/CHF revisits monthly high slightly above 0.8000 as US Dollar trades firmly

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.10.08 14:10
USD/CHF revisits monthly high slightly above 0.8000 as US Dollar trades firmly

update 2025.10.08 14:10

  • USD/CHF rises to near the monthly high around 0.8010 amid an upbeat US Dollar.
  • The US Dollar gains despite the ongoing US government shutdown.
  • Easing Swiss job market conditions and downside inflation risks pave the way for SNB's negative interest rates.

The USD/CHF pair revisits the monthly high around 0.8010 during the Asian trading session on Wednesday. The Swiss Franc pair strengthens as the US Dollar (USD) extends its upside despite the United States (US) government shutdown entering its second week.

During the press time, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, trades 0.3% higher to near 98.90. This is the highest level seen in two months.

On Tuesday, US President Donald Trump warned that the White House could take back some of its spending programs amid the ongoing government closure. Trump also stated that he would provide details on lay-offs in federal agencies in the next four to five days, Reuters reported. Such a scenario would be unfavourable for US equities and cements bets for further monetary policy easing by the Federal Reserve (Fed) in the remainder of the year.

In Wednesday's session, investors will focus on the release of Federal Open Market Committee (FOMC) minutes for the September policy meeting, which will be published at 18:00 GMT. In the policy meeting, the Fed reduced interest rates by 25 basis points (bps) to 4.00%-4.25% and signaled two more in the remainder of the year. Meanwhile, traders also see an 82% chance that the Fed will cut interest rates by 25 basis points (bps) in each of its two policy meetings remaining this year, according to the CME FedWatch tool.

In the Swiss economy, rising jobless rate and cooling inflationary pressures are pointing to hopes that the Swiss National Bank (SNB) could push interest rates into a negative territory going forward. The Unemployment Rate for September came in at 3% on Monday, higher than 2.9% in August. In September, the month-on-month Consumer Price Index (CPI) deflated by 0.2%, as expected, faster than 0.1% in August.

Economic Indicator

Unemployment Rate s.a (MoM)

The Unemployment Rate released by the State Secretariat for Economic Affairs (SECO) measures the percentage of the total civilian labor force who are unemployed. If the rate goes up, it indicates a lack of expansion within the Swiss labor market, andas a result, weakness in the Swiss economy. Generally, a decrease in the figure is seen as bullish for the Swiss Franc (CHF), while an increase is seen as bearish.

Read more.

Last release: Mon Oct 06, 2025 07:00

Frequency: Monthly

Actual: 3%

Consensus: -

Previous: 2.9%

Source: State Secretariat of Economic Affairs


Date

Created

 : 2025.10.08

Update

Last updated

 : 2025.10.08

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

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

EUR/USD falls to one-month lows on political fears, risk-off markets

EUR/USD heads lower for the third consecutive day on Wednesday, to reach its lowest levels since early September.
New
update2025.10.08 16:27

EUR/GBP falls toward 0.8650 following German Industrial Production release

EUR/GBP trades around 0.8670 during the early European hours on Wednesday, remaining subdued following the release of the German Industrial Production data, which fell by 4.3% month-over-month (MoM) in August.
New
update2025.10.08 16:22

Silver Price Forecast: XAG/USD jumps to 14-year high above $48.50 amid Fed cut bets and US turmoil

Silver price (XAG/USD) rises to around $48.65 during the early European trading hours on Wednesday. The white metal edges higher to near the 14-year high amid mounting expectations of Federal Reserve (Fed) rate cuts and the ongoing US government shutdown.
New
update2025.10.08 15:59

ECB's Nagel: Current monetary policy is appropriate

In an interview with a Greek newspaper on Wednesday, European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said, "the ECB's current monetary policy is appropriate."
New
update2025.10.08 15:48

WTI extends upside to near $62.00 as OPEC+ signals cautious production hike

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.95 during the early European trading hours on Wednesday. The WTI extends the rally after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) opt for a modest production increase.
New
update2025.10.08 15:22

German Industrial Production plunges 4.3% MoM in August vs. -1% expected

Germany's industrial sector activity decreased more than expected in August, the latest data published by Destatis showed on Wednesday.
New
update2025.10.08 15:01

Crude oil price today: WTI price bullish at European opening

West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $61.95 per barrel, up from Tuesday's close at $61.74.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.56 price posted on Tuesday, and trading at $65.77.
New
update2025.10.08 15:01

GBP/JPY trades firmly near yearly high above 204.00 on fading BoJ hawkish bets

The GBP/JPY pair exhibits strength near a fresh yearly high around 204.50 during Wednesday's European trading session, posted earlier in the day.
New
update2025.10.08 14:52

NZD/USD Price Forecast: Extends dovish RBNZ-inspired fall below mid-0.5700s, six-month low

The NZD/USD pair extends the previous day's sharp retracement slide from levels just above mid-0.5800s, or a nearly two-week high, and attracts heavy selling for the second straight day on Wednesday.
New
update2025.10.08 14:33

GBP/USD loses momentum below 1.3400, BoE Pill's speech and FOMC Minutes in focus

The GBP/USD pair loses ground near 1.3390 during the early European session on Wednesday. The Pound Sterling (GBP) edges lower against the Greenback amid rising expectations that the Bank of England (BoE) will cut interest rates one more time in the remainder of the year. 
New
update2025.10.08 14:32

Disclaimer:arw

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.

  • Facebook
  • Twitter
  • LINE

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

I agree
share
Share
Cancel