USD/CHF softens to near 0.6400 amid tariff uncertainty
The post USD/CHF softens to near 0.6400 amid tariff uncertainty appeared on BitcoinEthereumNews.com. USD/CHF trades with mild losses near 0.6410 in Wednesday’s early European session. Trade tensions and rising uncertainty boost the safe-haven flows, benefiting the CHF. US ADP Employment Change, PCE and the preliminary reading of Q1 GDP will be the highlights later on Wednesday. The USD/CHF pair posts modest losses around 0.6410 during the early European session on Wednesday. The uncertainty surrounding trade policy continues to boost the safe-haven flows, supporting the Swiss Franc (CHF). The Swiss KOF Leading Indicator for April is due later on Wednesday. China exempted some US imports from its 125% tariffs last week, although China quickly knocked down US President Donald Trump’s assertion that trade talks between the two countries were underway. On Monday, US Treasury Secretary Scott Bessent said that key trade partners have made “very good” offers to avoid US tariffs. Markets remain cautious, particularly as conflicting messages from Washington and Beijing add to uncertainty. This, in turn, provides some support to the safe-haven currency like the CHF and creates a headwind for USD/CHF. Traders await the US economic data later on Wednesday, including the US ADP Employment Change, Personal Consumption Expenditures Price Index (PCE), and the preliminary reading of Q1 Gross Domestic Product (GDP). All eyes will be on the US April Nonfarm Payrolls (NFP) on Friday. The NFP is expected to show 130K job additions in April, while the Unemployment Rate is estimated to remain at 4.2%. In case of a stronger-than-expected outcome, this could lift the Greenback against the CHF in the near term. Swiss Franc FAQs The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National…
The post USD/CHF softens to near 0.6400 amid tariff uncertainty appeared on BitcoinEthereumNews.com.
USD/CHF trades with mild losses near 0.6410 in Wednesday’s early European session. Trade tensions and rising uncertainty boost the safe-haven flows, benefiting the CHF. US ADP Employment Change, PCE and the preliminary reading of Q1 GDP will be the highlights later on Wednesday. The USD/CHF pair posts modest losses around 0.6410 during the early European session on Wednesday. The uncertainty surrounding trade policy continues to boost the safe-haven flows, supporting the Swiss Franc (CHF). The Swiss KOF Leading Indicator for April is due later on Wednesday. China exempted some US imports from its 125% tariffs last week, although China quickly knocked down US President Donald Trump’s assertion that trade talks between the two countries were underway. On Monday, US Treasury Secretary Scott Bessent said that key trade partners have made “very good” offers to avoid US tariffs. Markets remain cautious, particularly as conflicting messages from Washington and Beijing add to uncertainty. This, in turn, provides some support to the safe-haven currency like the CHF and creates a headwind for USD/CHF. Traders await the US economic data later on Wednesday, including the US ADP Employment Change, Personal Consumption Expenditures Price Index (PCE), and the preliminary reading of Q1 Gross Domestic Product (GDP). All eyes will be on the US April Nonfarm Payrolls (NFP) on Friday. The NFP is expected to show 130K job additions in April, while the Unemployment Rate is estimated to remain at 4.2%. In case of a stronger-than-expected outcome, this could lift the Greenback against the CHF in the near term. Swiss Franc FAQs The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National…
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