USD/CHF Steady After Five-Day Decline, Markets Await US Data
The USD/CHF exchange rate moved steadily around 0.7990 on Monday (June 30, 2025), after falling for five consecutive days and touching its lowest level since September 2011 at 0.7957 last Friday. This movement occurred as market players await the US employment data to be released later this week, as a determinant of the direction of the Federal Reserve's (Fed) next interest rate policy.
From the Swiss side, the Franc weakened after the KOF Index—a leading indicator of the Swiss economy—fell to 96.1 in June, lower than the estimate of 99.3. This data reflects the slowing outlook for the Swiss economy. In addition, the Swiss Central Bank (SNB) has cut interest rates to 0% earlier this month and opened the opportunity for further cuts if global economic pressures increase.
Meanwhile, the US Dollar is facing pressure due to weak US economic data. US spending and personal income both fell in May. Comments from Fed officials such as Neel Kashkari also reinforced market expectations that the Fed could start cutting rates starting in September. For now, market participants are likely to hold their positions while waiting for the Nonfarm Payrolls data for further clues.
Source: (ayu-Newsmaker)
