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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

10 March 2026 12:40  |

USD/CHF Rebounds Slightly, US Dollar Strengthens Ahead of Inflation Data

USD/CHF rose after two days of weakness, trading around 0.7780 during the Asian session on Tuesday (March 10). The pair was boosted by a slight strengthening of the US dollar following a sharp intraday decline in the previous session.

The greenback was previously pressured when safe-haven demand eased amid hopes the Iran conflict could be resolved soon. US President Donald Trump said the war with Iran could be resolved "very soon," as economic and political pressures increased following sharp volatility in the oil market.

The market now awaits US inflation data, including the CPI and PCE, scheduled for release later this week for fresh clues on the Federal Reserve's policy direction. From Switzerland, the consumer sentiment index recorded -30 in February 2026, unchanged from January and near its best level in almost a year, slightly below expectations of -29.

On the franc side, USD/CHF's upside is considered limited if Middle East-related caution re-emerges and drives defensive flows into the CHF. However, Swiss National Bank (SNB) Vice President Antoine Martin emphasized that the central bank is ready to act against what is considered excessive franc appreciation amidst the complex geopolitical landscape.

Going forward, market focus will be on the combination of the dollar's direction ahead of the US inflation release, changes in safe-haven demand related to Middle East dynamics, and the SNB's signal regarding tolerance for franc appreciation. (alg)

Source: Newsmaker.id

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