Back to the Blog Main Page
30/06/26
26
USD/CHF Rebounds as Dollar Gains Support Ahead of US Jobs Data
The USD/CHF pair extended its rebound in Asian trading on Tuesday, recovering part of the previous session’s losses and moving near 0.8090. The franc came under pressure as traders positioned for the release of Switzerland’s KOF Leading Indicator later in the day, which is expected to edge higher to 98.2 in May from 98.0 previously.
The dollar also drew support from a firmer view on the Federal Reserve’s policy path. Markets are increasingly betting that US borrowing costs will remain elevated for longer, with pricing in futures markets implying close to a 60% chance of a rate increase by September. That shift in expectations has helped the greenback hold a stronger tone against major currencies, including the Swiss franc.
Attention is now turning to this week’s US labor market data, which could provide a clearer signal on the Fed’s next move. Thursday’s Nonfarm Payrolls report is the main focus, with economists expecting June payroll growth of 114,000 and the unemployment rate to remain at 4.3%. Any meaningful surprise in the data may reshape expectations for the central bank’s timing on policy easing or further tightening.
Geopolitical tensions have also lent the dollar an additional safe-haven bid. Continuing friction in the Middle East has kept demand elevated for defensive assets, even as the diplomatic backdrop remains unsettled. Recent comments from Washington suggested that fresh talks between the two sides could take place in Doha, but Tehran quickly rejected that account, saying no such negotiations are scheduled. The conflicting signals have added to uncertainty and supported flows into the US currency.
Promotions
