The post USD/CHF gathers strength above 0.9150 on upbeat US NFP data, firmer US dollar appeared on BitcoinEthereumNews.com.

USD/CHF traes in positive territory for the fifth consecutive day round 0.9170 in Monday’s early European session.  The stronger US December employment report supports the USD.  Trump policy risks and safe-haven flows could boost the CHF.  The USD/CHF pair gathers strength to near 0.9170 during the early European session on Monday, bolstered by the firmer US Dollar (USD). The upbeat US employment report supported the Federal Reserve’s (Fed) cautious stance, creating a tailwind for the pair. Investors await the US December Producer Price Index (PPI) data for fresh impetus, which is due later on Tuesday.  The Greenback extends its upside following a report that showed the US created more jobs than expected in December, supporting expectations that the Fed will pause its rate-cutting cycle at its January policy meeting. The CME FedWatch tool indicated the financial markets expect the Fed to keep its benchmark overnight interest rate unchanged in the 4.25%-4.50% range at its January meeting. The US central bank has lowered its policy rate by 100 basis points (bps) since starting its easing cycle in September 2024. On the Swiss front, the economic uncertainties surrounding President-elect Donald Trump’s administration’s policies, along with the geopolitical tensions in the Middle East could boost the safe-haven flows, benefiting the Swiss Franc (CHF) against the USD. Israeli strikes continued throughout Gaza, including attacks near Gaza City, Nuseirat, and Bureij. Two attacks were also reported in the Houmin Valley in southern Lebanon, according to Lebanon’s National News Agency. 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…

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Filed under: News - @ January 13, 2025 7:16 am