- The USD/CHF we weakens as the highest inflation data than expected reduce the probability of more SNB feats.
- SNB is expected to maintain its interest rate at 0% to 2026.
- Trump’s tax bill went through the House of Representatives.
The USD/CHF loses ground after registering profits in the two previous sessions, quoting around 0.7930 during Friday’s Asian hours. The torque is depreciated as the Swiss Franco (CHF) receives support from the decreasing expectations of more features of rates by the Swiss National Bank (SNB), driven by the latest higher inflation data published on Thursday.
The Secretary of State for Economic Affairs (DRY) published the unemployed unemployment rate of Switzerland for June, which increased 2.9% in June, compared to a previous increase of 2.8%.
The Swiss Consumer Price Index (CPI) rose 0.1% year -on -year in June, bouncing an earlier fall of 0.1% and challenging market expectations of a 0.1% drop. Meanwhile, the monthly IPC increased 0.2% after a previous increase of 0.1%.
SNB officials are expected to maintain the interest rate without changes in 0% in September. Many analysts anticipate that rates will be kept at zero until 2026. In addition, those responsible for Swiss policy have warned about the possibility of entering negative territory, citing potential risks for savers, banks and pension funds.
The USD/CHF torque also faces challenges as the US dollar (USD) struggles, while operators adopt precautions due to continuous uncertainty about US President Donald Trump’s plans for tariffs in several countries.
According to Reuters, President Trump said Thursday that “he will begin sending letters on commercial tariffs starting Friday.” He said he planned to send letters to 10 countries at the same time, delineating the fees of proposed tariffs ranging between 20% and 30%.
The fiscal legislation “a great and beautiful” of President Trump went through the House of Representatives, which includes significant tax cuts designed to stimulate economic growth. Trump praised the approval of the bill in Truth Social, calling him a “historical victory for US workers, families and companies.”
Franco Swiss price today
The lower table shows the rate of change of the Swiss Franco (CHF) compared to the main coins today. The Swiss Franco was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.17% | -0.16% | -0.43% | -0.11% | 0.09% | -0.07% | -0.32% | |
| EUR | 0.17% | 0.05% | -0.22% | 0.10% | 0.14% | 0.09% | -0.10% | |
| GBP | 0.16% | -0.05% | -0.28% | 0.05% | 0.12% | 0.05% | -0.15% | |
| JPY | 0.43% | 0.22% | 0.28% | 0.33% | 0.38% | 0.28% | 0.01% | |
| CAD | 0.11% | -0.10% | -0.05% | -0.33% | 0.05% | -0.00% | -0.19% | |
| Aud | -0.09% | -0.14% | -0.12% | -0.38% | -0.05% | -0.10% | -0.26% | |
| NZD | 0.07% | -0.09% | -0.05% | -0.28% | 0.00% | 0.10% | -0.20% | |
| CHF | 0.32% | 0.10% | 0.15% | -0.01% | 0.19% | 0.26% | 0.20% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Swiss Franco from the left column and move along the horizontal line to the US dollar, the percentage change shown in the picture will represent the ChF (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
