- The USD / CHF holds above the key support at 0.8320, supported by an EMA of 21 days in the middle of the sweetness of the US dollar.
- Swiss Franc is gaining optimism compared to an American trade agreement accelerated after the discussions in Geneva.
- The dominant position of the SNB limits CHF upwards because the markets await Thursday the key versions of American data.
The USD / CHF pair firmly lies 0.8320 Wednesday during the first hours of American negotiation after decreasing for the second consecutive day. The pair pulled technical support from the 21 -day exponential mobile average (EMA) at 0.8332, which coincides with a resistance resistance area of ​​several weeks of resistance close to 0.8320.
The Swiss Franc (CHF) rebounded by a lowest of more than a month reached on Monday, benefiting from a wide weakness of the US dollar (USD) after the data from the US price index (CPI) more soft than American consumer prices. Inflation Miss has attenuated fears about the renewed price pressures of the Trump era tariffs and caused a reduction in the bets reduction of the prederal reserve (Fed), losing pressure on the greenback.
Meanwhile, the Swiss franc has acquired land on a renewal of optimism on an American potential trade agreement-Switzerland. US Treasury Secretary Scott Bessent said that Switzerland and the United Kingdom (United Kingdom) were “at the front of the queue” for bilateral trade agreements, contrasting the slower pace of interviews with the European Union. London has already concluded an agreement, and the Swiss President Karin Keller-Sutter quickly stressed that Switzerland should be “among the next”, potentially even second online.
While Keller-Sutter, who is also the Minister of Finance of Switzerland, initially declared that an official declaration of intention would be subject to Washington in one to two weeks, Bessent expressed the desire to move even faster, expecting the proposal next Sunday.
Despite the positive commercial dynamics, other gains in the Swiss franc are capped by increasing expectations of an additional monetary easing of the Swiss National Bank (SNB). SNB president Martin Schlegel recently said that the central bank was ready to reduce interest rates even below zero if inflation remains constantly below the objective.
Market participants are now focusing on US data with high impact on Thursday, including the first unemployment complaints, retail sales and the price of producers' prices (PPI), which could determine the short -term management for the USD / CHF pair.
Swiss franc price today
The table below shows the percentage of variation of swiss franc (CHF) against the large currencies listed today. Swiss Franc was the strongest against the Australian dollar.
| USD | Eur | GBP | Jpy | Goujat | Aud | Nzd | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.29% | 0.05% | -0.85% | 0.19% | 0.24% | 0.13% | -0.01% | |
| Eur | 0.29% | 0.34% | -0.57% | 0.48% | 0.53% | 0.40% | 0.27% | |
| GBP | -0.05% | -0.34% | -0.91% | 0.14% | 0.19% | 0.06% | -0.06% | |
| Jpy | 0.85% | 0.57% | 0.91% | 1.04% | 1.10% | 0.97% | 0.83% | |
| Goujat | -0.19% | -0.48% | -0.14% | -1.04% | 0.05% | -0.06% | -0.20% | |
| Aud | -0.24% | -0.53% | -0.19% | -1.10% | -0.05% | -0.11% | -0.25% | |
| Nzd | -0.13% | -0.40% | -0.06% | -0.97% | 0.06% | 0.11% | -0.14% | |
| CHF | 0.00% | -0.27% | 0.06% | -0.83% | 0.20% | 0.25% | 0.14% |
The thermal map shows the percentage of variations in the main currencies against each other. The basic currency is chosen in the left column, while the quotes motto is chosen in the upper row. For example, if you choose the Swiss franc of the left column and go along the horizontal line to the US dollar, the percentage of variation displayed in the box will represent CHF (base) / USD (quote).
