Swiss Franc flat lines near 0.7950 as traders await US employment reports
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USD/CHF holds steady near 0.7960 during the early European session on Monday. However, the potential upside for the pair might be limited as markets turn cautious ahead of key economic data releases later this week. The US employment reports for October and November are due on Tuesday. The US Consumer Price Index (CPI) inflation data will be released on Thursday. Expectations that the US Federal Reserve (Fed) will implement more interest rate cuts in 2026 weigh on the US Dollar (USD) against the Swiss Franc (CHF). The Summary of Economic Projections, or so-called “dot plot,” indicated a median forecast of one additional Fed rate reduction next year. Meanwhile, the Swiss National Bank (SNB) held its policy rate at 0% and is expected to maintain this stance for an extended period to manage inflation. Traders turn cautious and brace for the key US economic data later this week. The US Nonfarm Payrolls (NFP) data for October and November, which were delayed due to a US government shutdown, are set to be released on Tuesday. The risk-off market environment could support the safe-haven currency like the Swiss Franc (CHF) and act as a headwind for the pair. “From policymakers’ perspective… this set of data, whatever the outcome is, they will probably interpret it more carefully than usual. The main thing you want to do is to tease out the trend in terms of the labour market in the U.S.,” said Sim Moh Siong, a currency strategist at Bank of Singapore. Traders will closely watch these reports, as they might offer some hints about the labor market’s health and the US interest rate path. In case of a stronger-than-expected outcome, this could lift the Greenback against the CHF in the near term. Swiss Franc FAQs The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top…
Filed under: News - @ December 15, 2025 7:18 am