USD/CHF rebounds toward 0.7800 as US Dollar gains on Trump tariff threats
The post USD/CHF rebounds toward 0.7800 as US Dollar gains on Trump tariff threats appeared on BitcoinEthereumNews.com.
USD/CHF rises after opening at a gap down, trading around 0.7770 during the Asian hours on Monday. The pair appreciates as the US Dollar (USD) recovers its daily losses, supported by the increased risk aversion after US President Donald Trump threatened to impose 100% tariffs on Canadian goods if Ottawa were to strike a trade deal with China, the BBC reported over the weekend. Canada’s Prime Minister Mark Carney said on Sunday that Ottawa has no plans to seek a free trade agreement with China, clarifying that recent engagement with Beijing only lowered tariffs in a few recently affected sectors. The USD/CHF pair faced challenges as the Greenback declined on rumors of a possible intervention in FX markets to support the Japanese Yen (JPY). According to Bloomberg, traders said the Federal Reserve Bank of New York had carried out a so-called rate check with major banks, requesting indicative exchange rates, a step widely viewed as a signal that authorities may be preparing to facilitate another intervention. The Swiss franc (CHF) could find support after Goldman Sachs said it remains the best-placed global FX hedge against central bank subordination risks. The firm noted that, beyond its traditional safe-haven role, the currency is uniquely resilient to global inflation pressures. Goldman Sachs also highlighted that Switzerland’s strong fiscal fundamentals enhance the currency’s safe-haven appeal, helping shield it from cross-market spillovers during episodes of fiscal stress. 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…
Filed under: News - @ January 26, 2026 5:20 am