{
  "id": 6768609,
  "title": "Swiss Franc struggles even as US Dollar gives back CPI-led gains",
  "url": "https://urgent.news/2026/09/11/swiss-franc-struggles-even-as-us-dollar-gives-back-cpi-led-gains",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T14:35:32.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/swiss-franc-struggles-even-as-us-dollar-gives-back-cpi-led-gains-202609111435"
  },
  "original_language": "en",
  "account": "The Swiss Franc is grappling amid a retreat in the US Dollar, which has softened on the release of the latest U.S. Consumer Price Index (CPI) report. This data has bolstered expectations that the Federal Reserve could hike interest rates next week. Currently, the USD/CHF pair is around 0.8150, after peaking at 0.8170, its highest since July 30. It is on track for a third week of gains. The headline CPI rose by 0.4% month-over-month in August, matching forecasts, but rose faster than the 0.1% increase in July. Annual inflation remained unchanged at 3.4%, also in line with expectations. Core CPI, excluding volatile food and energy prices, increased by 0.3% month-over-month, exceeding the 0.2% forecast, while the annual rate fell to 2.4% from 2.5%. Despite the increased chance of a rate hike, the U.S. Dollar Index (DXY) remains around 99, after briefly surging to 99.36 in reaction to the data. However, a pullback in U.S. Treasury yields and oil prices dampens demand for the Dollar, even with heightened expectations of a rate increase. The U.S. Dollar Futures Outlook suggests an 85% probability of a central bank rate hike at the September 15-16 meeting, up from 67% earlier. In contrast, preliminary data from the University of Michigan revealed that the U.S. Consumer Sentiment Index dropped to 47.8 in September from 51.7, and the Consumer Expectations Index declined to 45.8 from 51.5. Meanwhile, 1-year inflation expectations rose to 4.6% from 4.0%, and the 5-year rate increased to 3.4% from 3.3%. USD/CHF faces limited selling pressure, as the Swiss Franc (CHF) trails its major counterparts. SNB Chairman Martin Schlegel stated that the Swiss Franc exchange rate is a challenge for the Swiss economy, reinforcing the central bank's readiness to intervene if the currency appreciates sharply. Switzerland's weak inflation landscape supports the SNB's zero-interest-rate policy, while other major central banks are expected to tighten monetary policy as surging oil prices heighten global inflation risks. This discrepancy in interest rates would make Swiss interest rates even more attractive compared to those in other major economies, prompting investors to favor higher-yielding currencies and engage in carry trades. The Swiss Franc has been the strongest against the Canadian Dollar, as shown in the table below, which details the percentage change of major currencies against each other.",
  "summary": "USD/CHF holds onto gains on Friday even as the US Dollar (USD) turns lower following the release of the latest United States (US) Consumer Price Index (CPI) report, which strengthened expectations that the Federal Reserve (Fed) could raise interest rates next week.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Swiss Franc nears monthly lows as investors brace for US CPI data",
        "url": "https://urgent.news/2026/09/11/swiss-franc-nears-monthly-lows-as-investors-brace-for-us-cpi-data",
        "published": "2026-09-11T10:32:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}