
USD/CHF bears stir as franc haven demand returns
The franc was the standout G10 performer after Treasury announced larger long-end buybacks this week. Strong fundamentals and shifting correlations suggest the move may have further to run.
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The franc was the standout G10 performer after Treasury announced larger long-end buybacks this week. Strong fundamentals and shifting correlations suggest the move may have further to run.

Today’s US jobs report was the first of the four major releases before the Fed’s next meeting in September. As it turned out, this was a pretty bad report and as a result, the odds of a September rate hike fell to around 44% from north of 55% before the data was released.

USD/CHF reversed sharply after hitting major resistance, leaving traders focused on whether last week's reversal marks a pause or something more significant.

Fresh yearly highs have shifted focus to whether bulls can extend the breakout as USD/CHF approaches its biggest technical test of the year.

Could EUR/CHF's breakout be the blueprint for USD/CHF? Similar technical structures suggest traders should be paying close attention.

The rally has repeatedly stalled beneath the same technical ceiling, with USD/CHF once again approaching a pivotal inflection point.

The latest US inflation report dealt the dollar a heavy blow, sending the greenback sharply lower as traders lowered expectations for a rate hike from the Fed. But despite the initial sell-off, this may not be the end of the bullish story.

A bullish wedge keeps upside in focus, but markets may be more sensitive to weak US labour market data than another upside payrolls surprise.

USD/CHF is testing a major resistance zone as bullish momentum reaches its strongest levels of the year. PCE on tap tomorrow.

USD/CHF has broken above the 2026 opening range with the bulls now testing the first major technical hurdle at fresh yearly highs.

Lower oil prices have already taken some heat out of the dollar. A less hawkish Fed than markets expect could amplify the move.

USD/CHF has broken higher from its May range and is now approaching a key technical hurdle. The reaction here could prove decisive.