USD/CHF expands losses to new minimums of 14 years below 0.8000 amid the generalized weakness of the US dollar

• The US dollar extends losses below 0.8000 for the first time since 2011.
• The weak US data and the greatest hopes of fed cuts are hitting the USD.
• SNB shows concern about the impact of tariffs and provides for Swiss GDP to grow between 1% and 1.5% in 2025.

The Swiss Franco can be seen even more, since the USD/CHF reaches levels below 0.8000 for the first time since September 2011. The US dollar is falling due to a mixture of improvement in appetite due to the risk and weak US data that feeds the hopes of fed fees.

The US macroeconomic figures published on Wednesday added pressure on the Federal Reserve to cut the interest rates even more. The gross domestic product of the first quarter was reviewed down, to a contraction of 0.5%, from -0.2% estimated above, with a warm consumption that weighs after the aggressive Trump’s tariff policy.

Beyond that, weekly unemployment requests in the US decreased something, but continuous requests remained at their highest levels since the period after the pandemic, highlighting a weakened labor market.

In this context, today’s approach is in the US PCE price index, which is expected to show that inflation remained at moderate levels, without a significant impact of tariffs so far, which would consolidate the hopes of greater relief by the Fed and add negative pressure on the USD.

In Switzerland, the Quarterly Bulletin of the SNB stressed the concerns of the Central Bank about the risk for economic growth derived from commercial uncertainty and predicted GDP growth of between 1% and 1.5% for this year.