After Drop, USD/CHF Enters Consolidation Mode
USD/CHF held steady in the European session on Tuesday (February 10th), seemingly entering a "cooldown" mode after two days of sharp falls. The exchange rate last hovered around 0.7673, rising slightly by around +0.10% today—practically remaining in the 0.7657–0.7678 daily range.
The market appears to be consolidating again: yesterday's dollar sell-off has been "paid for," and traders are now preferring to await US data—especially Retail Sales, which will be released later in the American session. After a series of recent weak employment signals, consumer spending data will provide a key indicator of whether the economy remains resilient or is starting to decline. Meanwhile, this week's US data calendar is packed due to the effects of the shutdown: the January Jobs Report is scheduled for release on Wednesday, February 11, 2026, and the January CPI is scheduled for release on Friday, February 13, 2026. These two data points typically immediately shift interest rate expectations—which ultimately impacts the USD and safe-haven currency pairs like the CHF.
From Switzerland's perspective, consumer sentiment remains negative (not yet in the optimistic zone). The latest official data published shows the Swiss consumer sentiment index at -31 (December 2025), indicating that household mood remains cautious, although certain components are improving.
Source: Newsmaker.id
