USD/CHF rises above 0.8000 as the bets of a Fed feat cut fader after an EE.UU. stable IPC

• The USD/ChF jumps above 0.8000, quoting about 0.8020 during the American trading session.
• The US CPI increases a 0.3% monthly to 2.7% year -on -year in June, with the stable underlying IPC in 2.9% year -on -year.
• Operators now see a lower probability of a Fed rate cut in September, with the probabilities falling to about 54%.

The Swiss Franco (CHF) weakened against the US dollar (USD) on Tuesday, since the operators favored the dollar after the publication of US inflation data. The figures from the consumer price index (IPC) revived the bets that the Federal Reserve could delay its first cut of interest rates, which promoted the yields of the US Treasury bonds It generated a generalized demand by the US dollar, with the USD/CHF going up the 0.8000 brand for the first time since the end of June.

At the time of writing, the USD/CHF pair quotes about 0.8021, rising more than 0.50% in the day.

The latest US inflation data showed that prices continued to rise in June, keeping in line with market expectations. The general CPI increased 0.3% in June compared to the previous month and rose to 2.7% in interannual terms. The underlying IPC, which excludes food and energy prices, rose 0.2% monthly and remained stable at 2.9% year -on -year. The data suggests that inflation remains stable but still above the 2% target of the Federal Reserve (Fed), which means that the Fed could wait longer before cutting interest rates.

Looking ahead, operators have trimmed their expectations for a short -term Fed rates cut, with the CME Fedwatch tool now indicating a probability of cutting in September of around 54%, below the previous maximums of almost 70%. The market reaction suggests that investors are becoming more cautious, since stable inflation impression offers little urgency so that the Fed changes towards a relaxation approach. This change in rates expectations has provided renewed support for the US dollar, particularly against low yield currencies such as the Swiss Franco.

On the Swiss side, the macroeconomic context is still weak. Although inflation rebounded slightly in June, the general CPI rose only 0.1% after a fall in May and remains well below the 2% target of the Swiss National Bank (SNB). Growth forecasts have also been reduced, with the Swiss economy now waiting for only 1.3% in 2025 to expand. In response to the persistent low inflation and a fragile growth panorama, the SNB cut its 0% policy rate in June and pointed out its opening to a greater relaxation, potentially including intervention in the currency market to stop the excessive strength of the Franco.

The attention now focuses on the US Price Price Index (IPP) program programmed for Wednesday, which could offer new perspectives on inflation trends at the wholesale level. The markets expect a modest monthly increase, in line with the stable impression of the CPI. However, any surprise on the IPP could reinforce concerns about persistent inflationary pressures and further discourage the hopes of a short -term FED rate cut. This would probably support the US dollar and could boost USD/Chf up. On the other hand, a softer reading of the IPP could relive moderate expectations and limit the recent dollar profits.