USD/CHF remains subdued near 0.7800 as US Dollar steadies on recent gains
The post USD/CHF remains subdued near 0.7800 as US Dollar steadies on recent gains appeared on BitcoinEthereumNews.com.
USD/CHF inches lower after registering 0.25% gains in the previous session, trading around 0.7810 during the Asian hours on Friday. The pair may recover as the US Dollar (USD) gains support from fading expectations for Federal Reserve (Fed) rate cuts amid surging Oil prices driven by the Middle East conflict. Additionally, Fed officials continue to consider the possibility of further rate hikes if inflation remains above target. The Iran war entered its seventh day, with Iran launching missiles and drones across the Gulf on Thursday, striking an oil refinery in Bahrain, while Israel continued airstrikes on Tehran, and the US suspended operations at its embassy in Kuwait. Chicago Fed President Austan Goolsbee said on Friday that institutions are facing a crisis of trust. Goolsbee added that the federated structure of the central bank has worked well, adding that Fed independence is critically important to controlling inflation. Traders await US labor data, including US Nonfarm Payrolls (NFP), where consensus expectations are around 59K for February, following January’s above-trend reading of 130K. Retail Sales are expected to fall 0.3% month-over-month in January, after a flat reading in the previous month. The Swiss Franc (CHF) may strengthen against the US Dollar on safe-haven demand amid heightened geopolitical tensions. Meanwhile, Swiss National Bank (SNB) Vice-President Antoine Martin reiterated the central bank’s readiness to intervene to prevent excessive CHF appreciation. 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,…
Filed under: News - @ March 6, 2026 6:21 am