USDCHF 19/12/2025

Fundamental / Economic Backdrop (short term) USDCHF trades around 0.7945, with short-term direction shaped by late-week positioning and relative monetary policy expectations. The US Dollar remains sensitive to recent inflation prints and interest-rate guidance, while the Swiss Franc continues to draw intermittent safe-haven demand, particularly in…

USDCHF 18/12/2025

Fundamental / Economic Backdrop (short term) Short-term USDCHF price action continues to be driven by relative monetary policy expectations and risk sentiment. The US Dollar remains broadly supported by still-restrictive Federal Reserve policy guidance, with markets pricing only gradual easing into 2026. Recent US data has remained resilient enoug…

USDCHF 17/12/2025

Fundamental / Economic Backdrop (short term) Short-term fundamentals remain driven by relative USD and CHF safe-haven demand, expectations around US monetary policy, and broader risk sentiment. The US Dollar is stabilising following recent data that reinforced a “higher for longer” rates narrative, while the Swiss Franc continues to attract de…

USDCHF 16/12/2025

Fundamental / Economic Backdrop (short term) USDCHF remains driven by relative monetary policy expectations and risk sentiment. The US Dollar continues to draw support from comparatively resilient US growth data and the Federal Reserve’s cautious stance on the pace of future rate cuts. However, this support is increasingly balanced by signs of m…

USDCHF 15/12/2025

Fundamental / Economic Backdrop (short term) USD/CHF (current reference price: 0.7955) continues to trade under broad US-dollar pressure as markets position for softer Federal Reserve policy into early 2026. Short-dated US yields remain capped, and recent macro releases point to a cooling labour market alongside easing inflation momentum. SNB comm…

USDCHF 12/12/2025

Fundamental / Economic Backdrop (short term) USDCHF at 0.7953 reflects a continuation of broad CHF strength and a relatively soft US dollar backdrop. The immediate macro environment is driven by: US-side considerations Recent US data shows moderating inflation momentum while remaining above the Federal Reserve’s comfort threshold. …

USDCHF 11/12/2025

Fundamental / Economic Backdrop (short term) The US dollar remains primarily driven by Federal Reserve policy expectations and US real yields. Current market pricing continues to favour a dovish or neutral Fed trajectory, limiting upside for USD. Any upside surprise in US inflation or labour data would be required to materially strengthen th…

USDCHF 10/12/2025

Fundamental / Economic Backdrop (short term) Recent macroeconomic and global factors influencing USD/CHF: The US dollar (USD) continues to be influenced by expectations regarding the stance of the Federal Reserve (Fed). If markets anticipate rate cuts or a dovish stance, USD tends to soften, which supports USD/CHF downward pressure. Conve…
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