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: Next major support at 1.1490 is likely out of reach for now - UOB Group

Strong momentum suggests Euro (EUR) could break below 1.1540; the next major support at 1.1490 is likely out of reach for now.
New
update2025.10.31 18:51

GBP: A surprise Reeves resignation would be bad for markets - ING

Markets have largely priced in Chancellor Reeves' expected mix of tax hikes and fiscal restraint, pushing gilt yields and the pound lower. While political noise around her rental license lapse briefly weighed on sentiment, PM Starmer's backing eased concerns.
New
update2025.10.31 18:48

US Natural Gas futures extend rally on cooler forecasts - ING

US Natural Gas Dec'25 futures extended their rally, rising 3.7% yesterday and gaining further this morning, ING's commodity experts Ewa Manthey and Warren Patterson note.
New
update2025.10.31 18:41

JPY: Anticipating the turnaround - Commerzbank

Governor Ueda missed an opportunity yesterday to verbally prepare the market for a possible further interest rate hike in Japan, thereby casting doubt on whether the central bank is prepared to take such a step again this year.
New
update2025.10.31 18:38

USD/JPY: BoJ disappoints, MoF soothes - OCBC

USD/JPY jumped, postBoJ's decision to keep policy rate on hold. 2 members dissented against the decision - unchanged from previous meeting. USD/JPY last seen at 154.20 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
update2025.10.31 18:36

Oil: OPEC+ set to meet - ING

The Oil market is on track to settle lower this week as market participants digest the implications of US sanctions on Russian Oil flows.
New
update2025.10.31 18:33

USD extends gains post Trump-Xi summit and FOMC - OCBC

US Dollar (USD) extended its rise in what looked like 'buy rumor, sell the fact' post-Trump-Xi meeting and FOMC, while there were market chatters of month-end USD demand, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
update2025.10.31 18:30

EUR/GBP Price Forecast: Euro consolidaties gains around 0.8800

The Euro appreciates for the fourth consecutive day against a weaker Pound, with price action showing consolidation around the 0.8800 area on Friday's early European session, on track for a 0.8% weekly rally.
New
update2025.10.31 18:26

EUR: ECB brings calm - Commerzbank

The Americans seem to have interpreted the deal between the US and China as significantly more positive for the US Dollar (USD) than the rest of the world, Commerzbank's FX analyst Volkmar Baur notes.
New
update2025.10.31 18:24

EUR: Bar for more ECB easing is high - ING

It's abundantly clear that the ECB wants to keep things boring at this stage, ING's FX analyst Francesco Pesole notes.
New
update2025.10.31 18:18

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