Swiss Franc struggles near lows as monetary policy divergence boosts US Dollar
The Swiss Franc (CHF) consolidates losses against the US Dollar (USD) on Tuesday, with the USD/CHF trading just below one-and-a-half-month highs at the 0.8200 level.
The Swiss Franc (CHF) has been struggling to gain ground against the US Dollar (USD), trading near the 0.8200 level. This decline is primarily due to a monetary policy divergence between the United States Federal Reserve (Fed) and the Swiss National Bank (SNB). The SNB has indicated it will maintain its interest rates at 0% for the rest of the year and possibly into 2027, while the Fed is expected to raise rates multiple times this year.
The US Nonfarm Payrolls (NFP) report in August, combined with persistent inflation in the US, has led investors to expect higher interest rates from the Fed. This has bolstered the US Dollar, further pressuring the Swiss Franc.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
