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USD/CHF holds position around 0.8050 following Swiss ZEW Survey Expectations

  • USD/CHF remains steady near 0.8034, the lowest since September 2011.
  • The Swiss ZEW Survey Expectations eased to a decline of 2.1 in June, improving from the previous decline of 22.
  • The US Dollar faced challenges due to easing tensions in the Middle East.

USD/CHF moves sideways after registering approximately 1% losses in the previous session, trading around 0.8050 during the European hours on Wednesday. The pair moves little following the release of the Swiss ZEW Survey Expectations, which eased to a 2.1 decline for June, against the previous 22 decline.

The USD/CHF maintains its position near 0.8034, the lowest since September 2011, which was recorded on Tuesday. This is attributed to the Swiss Franc (CHF) receiving support from safe-haven demand, while the weakening US Dollar (USD) on the Middle East ceasefire. US President Donald Trump announced that a ceasefire between Iran and Israel had taken effect, raising hopes for an end to the 12-day conflict.

However, traders adopt caution amid uncertainty over the ceasefire’s durability. A US intelligence report suggested that US attacks on Iranian nuclear sites have set back Tehran's program by only a matter of months. Additionally, Iranian Foreign Minister Abbas Araghchi said that the country's nuclear program continues.

Federal Reserve (Fed) Chair Jerome Powell stated during his testimony before the congressional budget committee on Tuesday that rate cuts could be delayed until sometime in the fourth quarter. Powell also said that rate cuts may continue if the time is right. However, He noted that data suggests that at least some of the tariffs will hit consumers and will start to see more tariff inflation starting in June.

Economic Indicator

ZEW Survey – Expectations

The ZEW Survey Expectations published by the Centre for European Economic Research presents business conditions, employment conditions and other elements affecting the day to day running of a business in Switzerland. Generally speaking, a high reading is seen as positive (or bullish) for the CHF, whereas a low reading is seen as negative (or bearish).

Read more.

Last release: Wed Jun 25, 2025 08:00

Frequency: Monthly

Actual: -2.1

Consensus: -

Previous: -22

Source: ZEW - Leibniz Centre for European Economic Research

Author

Akhtar Faruqui

Akhtar Faruqui is a Forex Analyst based in New Delhi, India. With a keen eye for market trends and a passion for dissecting complex financial dynamics, he is dedicated to delivering accurate and insightful Forex news and analysis.

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