The post USD/CHF gathers strength to near 0.7990 on Fed hawkish tone appeared on BitcoinEthereumNews.com.

The USD/CHF pair gathers strength to near 0.7890 during the early European session on Monday. A hawkish hold from the US Federal Reserve (Fed) provides some support to the US Dollar (USD) against the Swiss Franc (CHF). Traders will closely monitor the situation in the Middle East.  The Fed voted 11-1 to keep interest rates unchanged in the target range of 3.50% to 3.75% at its March meeting last week. This marks the second consecutive meeting where the US central bank has held rates steady following a series of cuts in late 2025.  Soaring crude oil and energy prices, driven by the escalating US-Israeli war with Iran, reignite inflation fears and prompt traders to dial back Fed rate cut expectations. Futures traders have priced in a nearly 85% chance of no rate cuts in the April Fed policy meeting, according to the CME FedWatch tool.  On the other hand, heightened conflict in the Middle East could boost a safe-haven currency such as the CHF. The Iranian military stated that it will completely shut the Strait of Hormuz if US President Donald Trump proceeds with his threats to target Iranian energy facilities. This statement came as Trump on Sunday warned he would “obliterate” Iranian power plants if the Strait of Hormuz were not opened within 48 hours.  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…

---

Filed under: News - @ March 23, 2026 5:29 am