|

USD/CHF to display rangebound auction around 0.9250 ahead of Swiss Inflation

  • USD/CHF is expected to remain lackluster around 0.9250 as investors await Swiss CPI data.
  • An increment in Swiss inflation will attract more rate hikes from the SNB.
  • The FOMC minutes will provide a detailed version of December’s monetary policy meeting.

The USD/CHF pair is likely to display a lackluster performance ahead around 0.9250 amid festive mood in various potential markets. Also, the Swiss franc asset is expected to remain sideways as investors are awaiting the release of the Swiss Consumer Price Index (CPI) data for fresh impetus.

Meanwhile, the US Dollar Index (DXY) aims to extend its downside journey to near the round-level support of 103.00 amid a decline in safe-havens appeal. The mighty USD Index faced immense pressure on Friday after surrendering the crucial support of 103.40. Also, a fresh fall in the inflationary pressures in the United States has weakened its appeal for the USD Index.

S&P500 sensed a minor sell-off on Friday as investors turned cautious after commentary from the International Monetary Fund (IMF). Managing Director Kristalina Georgieva of the IMF cited on the CBS Sunday morning news program that “For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe, and China – all may experience weakening activity,”.

On the Swiss Franc front, the release of the inflation data will hog the limelight. According to the estimates, the inflation data (Dec) will escalate to 3.4% against the former release of 3.0% on an annual basis. Escalation in the Swiss inflation data might attract more policy hikes from the Swiss National Bank (SNB).  In December’s monetary policy meeting, SNB Chairman Thomas J. Jordan opened the gates for more policy tightening despite hiking interest rates further by 50 basis points (bps) to ensure price stability.

The USD Index may display an informed move after the Federal Open Market Committee (FOMC) minutes release. The FOMC minutes will explain the interest rate hike of 50 bps by the Federal Reserve (Fed) in its December monetary policy meeting.

USD/CHF

Overview
Today last price0.924
Today Daily Change-0.0006
Today Daily Change %-0.06
Today daily open0.9246
 
Trends
Daily SMA200.9318
Daily SMA500.9537
Daily SMA1000.9655
Daily SMA2000.9644
 
Levels
Previous Daily High0.9268
Previous Daily Low0.9201
Previous Weekly High0.9338
Previous Weekly Low0.9201
Previous Monthly High0.9471
Previous Monthly Low0.9201
Daily Fibonacci 38.2%0.9243
Daily Fibonacci 61.8%0.9227
Daily Pivot Point S10.9208
Daily Pivot Point S20.9171
Daily Pivot Point S30.9141
Daily Pivot Point R10.9276
Daily Pivot Point R20.9306
Daily Pivot Point R30.9343

Author

Sagar Dua

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

More from Sagar Dua
Share:

Editor's Picks

AUD/USD remains above 0.7200 after China's trade data

AUD/USD sits above 0.7200 in the Asian session on Tuesday, near its highest level since May 14. The US Dollar stays under pressure as a rallying Japanese Yen outweighs support from hawkish Fed bets and geopolitical tensions. This, along with firming expectations for another RBA rate hike later this month, acts as a tailwind for the Aussie. However, mixed China trade balance data keep the pair restricted.

USD/JPY rebounds above 154.00 as markets assess BoJ outlook

USD/JPY rebounds from the six-month low it touched below 153.00 earlier in the day and trades above 154.00 in the second half of the day. Nevertheless, the upside attempts resemble technical corrections for now as Japan's upbeat wage growth data and Q2 GDP revision cement bets on a BoJ rate hike next week and continue to support the Japanese Yen.

Gold reverses early gains as US Dollar rebounds, Oil prices rise
Gold (XAU/USD) struggles to hold early gains and reverses course on Tuesday as a modest rebound in the US Dollar (USD) and rising Oil prices weigh on the precious metal. At the time of writing, XAU/USD trades around $4,400 after reaching an intraday high near $4,443.
Ripple and Stellar outlook: Hold bullish bias above EMAs as derivatives back upside
Ripple (XRP) and Stellar (XLM) hold above the key support zones on Tuesday, hinting at an upside move. Derivatives metrics further support the recovery, with both altcoins showing positive funding rates and rising long positions. Derivatives data shows a bullish tilt among XRP and XLM traders.
Europe in focus: September 2026
Six major net contributors demanded substantial cuts to the European Commission’s proposed 2028–2034 EU budget. Germany, Denmark, the Netherlands, Austria, Finland and Sweden issued a joint position on 27 August calling for the nearly €2 trillion proposal to be reduced by several hundred billion euros and rejecting additional common EU borrowing.
Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.