The post USD/CHF edges higher as SNB intervention rhetoric caps Franc gains appeared on BitcoinEthereumNews.com.

USD/CHF rose about 0.44% on Thursday, pushing back above 0.7830 in a session that extended the recovery from last week’s lows near the 0.7700 area. The pair has been trading in a wide range between the year-to-date low close to 0.7600 and resistance around 0.7830 since early February, with alternating bullish and bearish candles reflecting the tug-of-war between safe-haven Franc demand and growing SNB pushback. The Swiss National Bank (SNB) has stepped up its intervention rhetoric sharply this week. An unsolicited statement on Monday warned of readiness to act against rapid Swiss Franc appreciation, and Vice-President Antoine Martin reinforced that message on Tuesday, citing fallout from the US-led conflict in Iran as a key driver of safe-haven flows. Swiss February Consumer Price Index (CPI) data, released on Wednesday, showed inflation holding near zero for a fifth consecutive month, underscoring the deflationary pressure that a stronger Franc is placing on the Swiss economy. With the SNB’s policy rate already at 0.00% and the bar for negative rates high, markets see FX intervention as the more likely tool ahead of the March 19 policy decision. On the US Dollar side, the Federal Reserve (Fed) held rates at 3.50% to 3.75% in January, with minutes showing several officials discussed the possibility of raising rates if inflation stays above target. Attention now turns to Friday’s Nonfarm Payrolls (NFP) report, where consensus sits around 60K for February after January’s above-trend 130K print. A soft number could revive rate-cut expectations, while a firmer reading would reinforce the Fed’s extended pause. USD/CHF daily chart Technical Analysis In the daily chart, USD/CHF trades at 0.7826. The pair holds a mild bullish near-term bias as it grinds higher above recent lows while remaining capped well below the 50-day and 200-day exponential moving averages near 0.78 and 0.80, respectively, which…

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Filed under: News - @ March 5, 2026 7:30 pm