Created
: 2025.10.22
- 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 consolidates above 0.7980 with markets looking for direction
World FX news
Breaking news
USD/CHF consolidates above 0.7980 with markets looking for direction
New
2025.10.22 17:55
2025.10.22 17:55
2025.10.22 17:55
- The US Dollar holds recent gains above 0.7900 against the Swiss Franc.
- Hopes of a Sino-US trade deal have eased risk aversion, undermining safe¡-havens like the CHF.
- In Switzerland, the deflationary CPI figures keep pressuring the SNB to cut rates into negative levels.
The US Dollar consolidates Tuesday's gains and remains trading within a narrow range above 0.7950, after bouncing from the 0.7910 area on Tuesday. Investors, however, are showing a cautious mood, awaiting US CPI data later this week and next week's Fed monetary policy decision.
News that US President Donald Trump will meet his Chinese counterpart Xi Jinping to de-escalate trade tensions, and the positive tone of the US president towards the Asian country, have contributed to calm markets, adding pressure on safe-haven assets such as the Swiss Franc.
Nevertheless, US Dollar rallies remain limited as investors brace for a 25 basis points rate cut by the Federal Reserve next week and likely anticipate further monetary easing in December, as concerns about the labour market have offset fears of inflationary risks stemming from trade tariffs.
In Switzerland, data released this week showed a moderate improvement in the trade surplus, but the Swiss Franc remained on its back foot. Consumer prices are showing a deflationary trend, which keeps pressure on the SNB to cut interest rates into negative levels.
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
: 2025.10.22
Related articles
USD/JPY hovers near 155.00 amid growing intervention rumours
50 minutes agoNZD/USD stabilises as New Zealand labour market concerns grow, Fed rate cuts eyed
2025.11.13 21:19AUD/USD jumps to near 0.6580 on strong Aussie labor market data
2025.11.13 20:31USD/JPY: Likely to rise further and potentially test 155.20 - UOB Group
2025.11.13 20:25GBP/JPY remains steady above 203.00 despite UK GDP disappointment
2025.11.13 20:15NZD/USD: Likely to trade in a range between 0.5605 and 0.5695 - UOB Group
2025.11.13 19:51
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
USD/JPY hovers near 155.00 amid growing intervention rumours
The US Dollar remains trading within its previous ranges on Thursday, consolidating gains near 20-month highs at the 155.00 area against a weaker Japanese Yen.
New
2025.11.13 21:50Gold climbs toward $4,250 as shutdown ends, Fed signals temper easing bets
Gold (XAU/USD) extends its advance on Thursday, climbing above the $4,200 psychological barrier and notching a five-day winning streak. The precious metal has now retraced most of its corrective decline from the all-time high near $4,381.
New
2025.11.13 21:24NZD/USD stabilises as New Zealand labour market concerns grow, Fed rate cuts eyed
NZD/USD trades around 0.5660 on Thursday at the time of writing, virtually unchanged on the day, after failing to extend its three-day winning streak. The pair edges lower, weighed down by the softness of the New Zealand Dollar (NZD) amid rising concerns about the country's labour market.
New
2025.11.13 21:19Gold Price Forecast: XAU/USD rallies above $4,200 on US Dollar weakness
Gold (XAU/USD) extends gains for the fifth consecutive day on Thursday as the US Dollar dives on risk appetite, following the end of the US government's closure.
New
2025.11.13 21:00AUD/USD jumps to near 0.6580 on strong Aussie labor market data
The AUD/USD pair climbs to near 0.6580 during the European trading session on Thursday, the highest level seen in almost two weeks. The Aussie pair strengthens as the Australian Dollar (AUD) outperforms its peers, following the release of the strong Australian employment numbers for October.
New
2025.11.13 20:31USD/JPY: Likely to rise further and potentially test 155.20 - UOB Group
US Dollar (USD) could rise further and potentially test 155.20; any further advance is unlikely to reach 155.55. In the longer run, the price action suggests USD is likely to trade with an upside bias; any gains may be capped near 155.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.11.13 20:25GBP/JPY remains steady above 203.00 despite UK GDP disappointment
The Pound remains moderately bid against the Japanese Yen on Thursday, and holds previous days' gains at levels near two-week highs at the 203.50 area, unfazed by a raft of weaker-than-expected UK economic figures released earlier on the day.
New
2025.11.13 20:15NZD/USD: Likely to trade in a range between 0.5605 and 0.5695 - UOB Group
New Zealand Dollar (NZD) is likely to trade in a range between 0.5640 and 0.5670. In the longer run, weakness in NZD has stabilized; for the time being, it is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.11.13 19:51USD/CHF drops as US Dollar weakens on government reopening, Fed outlook
USD/CHF trades lower on Thursday, hovering around 0.7950, down 0.30% at the time of writing. The pair extends its corrective move, pressured by broad weakness in the US Dollar (USD) as risk appetite improves following the reopening of the US federal government.
New
2025.11.13 19:47AUD/USD holds key 200-DMA support - Société Générale
AUD/USD has found support near the 200-day moving average at 0.6440/0.6410, pausing its recent decline, Société Générale's FX analysts note.
New
2025.11.13 19:47Disclaimer:
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
