USD/CHF dips as Fed rate cut bets, Swiss CPI weigh
The post USD/CHF dips as Fed rate cut bets, Swiss CPI weigh appeared on BitcoinEthereumNews.com.
USD/CHF stabilizes above 0.8000 on Wednesday, trading near 0.8010 at the time of writing, down 0.25% on the day. The pair continues to follow the broader trend of a weakening US Dollar (USD), as the US Dollar Index (DXY) falls toward 99.10, down 0.15% on the day, amid political uncertainty and stronger expectations of monetary easing by the Federal Reserve (Fed). Market sentiment is also influenced by recent comments from US President Donald Trump, who hinted that White House Economic Adviser Kevin Hassett could be announced as the successor to Jerome Powell in early 2026. The prospect of a Hassett-led Fed, seen as supportive of lower interest rates, weighs on monetary policy expectations and pressures the US Dollar. Market attention turns to US data releases scheduled for later in the day. The ADP Employment Change report for November is expected to show only 5,000 new jobs, sharply lower than October’s 42,000. The Institute for Supply Management’s (ISM) Services Purchasing Managers Index (PMI) is forecasted to ease to 52.1 in November from 52.4 in October. These figures will be closely analyzed, given the postponement of the official Nonfarm Payrolls (NFP) report due to the government shutdown, now scheduled for December 16. Several Federal Open Market Committee (FOMC) members have recently voiced concerns about weakening labor demand and signaled openness to further monetary support. Markets now price an 85% chance of a 25-basis-point rate cut next week, according to the CME FedWatch tool. On the Swiss side, inflation came mixed in November. The Consumer Price Index (CPI) fell by 0.2% MoM, in line with expectations, but rebounded after a 0.3% decrease in the previous month, while the annual rate dropped to 0% from 0.1%, below the 0.1% forecast. These mixed readings in inflation strengthen expectations that the Swiss National Bank (SNB) will…
Filed under: News - @ December 3, 2025 11:37 am