USD/CHF struggles to gain ground below the mid-0.8800s, eyes on Swiss CPI data

Source Fxstreet
  • USD/CHF edges lower to 0.8830 on the weaker US Dollar on Monday. 
  • The US Manufacturing PMI dropped to 47.8 in February vs. 49.1 prior, below the market consensus. 
  • The signal of slowing inflation in Switzerland could open the door for earlier SNB rate cuts. 
  • Traders will focus on the Swiss CPI inflation data on Monday

The USD/CHF pair struggles to gain ground near 0.8830 after retreating from nearly the 0.8900 mark during the early European trading hours on Monday. The downtick of the pair is backed by the weaker US Dollar (USD) and lower US Treasury bond yields. Market players await the Swiss February Consumer Price Index (CPI) for fresh impetus, which is expected to ease from 1.3% in January to 1.1% in February. 

The Institute for Supply Management (ISM) revealed on Friday that the US Manufacturing Purchasing Managers Index (PMI) declined to 47.8 in February from 49.1 in the previous month, weaker than the market expectation of 49.5. 

Boston Federal Reserve (Fed) President Susan Collins and New York’s John Williams stated that the first rate cut will likely be appropriate later this year, while Atlanta’s Raphael Bostic said he expected the easing policy this summer if the economy evolves as he expects. Investors will take more cues from Fed's Chair Jerome Powell's testify on Wednesday, which might offer insight into the inflation outlook and monetary policy. The hawkish remarks from the Fed policymakers might lift the USD and act as a tailwind for the USD/CHF pair. 

On the Swiss front, the annual inflation rate in Switzerland fell unexpectedly in January, which might convince the Swiss National Bank (SNB) to cut rates at its March meeting. The Swiss Federal Statistical Office will release the nation’s Consumer Price Index (CPI) for February later on Monday. These data could provide fresh catalysts for the USD/CHF pair. 



 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Bounces Back—Can It Finally Break Resistance?Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
Author  NewsBTC
Apr 02, Wed
Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500
placeholder
U.S. March Nonfarm Payroll Preview: Even If Data Aligns with Expectations, Financial Markets May Not Escape the Fate of VolatilityOn 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
Author  TradingKey
Apr 02, Wed
On 4 April 2025, the United States will release its March Nonfarm Payrolls (NFP) data. The market consensus currently anticipates job growth of 128,000, a decline from February’s 151,000 (Figure 1). W
placeholder
Japanese Yen spikes to multi-week high against USD after Trump’s tariffs announcementThe Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.
Author  FXStreet
23 hours ago
The Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.
placeholder
Bitcoin price reacts as Gold sets fresh record highs after Trump’s reciprocal tariffs announcementBitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
Author  FXStreet
23 hours ago
Bitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
placeholder
Bitcoin Price Forecast: Tariff volatility sweeps over $200 billion from crypto marketsBitcoin (BTC) price hovers around $83,000 at the time of writing on Thursday after it failed to close above a critical resistance level the previous day.
Author  FXStreet
16 hours ago
Bitcoin (BTC) price hovers around $83,000 at the time of writing on Thursday after it failed to close above a critical resistance level the previous day.
Related Instrument
goTop
quote