USD/CHF Forecast: Pair Stays Below 0.8000 Ahead of Swiss Price Data
The USD/CHF pair traded around 0.7970 during Monday’s Asian session, staying under the key 0.8000 level. The Swiss franc is gaining support as a safe-haven currency due to rising global trade tensions. Investors are now waiting for the release of Switzerland’s Producer and Import Prices data for June, which could affect short-term price movements.
Another reason for the Swiss franc’s strength is the Swiss National Bank (SNB) likely keeping interest rates unchanged at 0% through 2026. There are fewer talks now about any further rate cuts, which supports the franc.
At the same time, the U.S. dollar is facing pressure due to a new plan to impose 30% tariffs on goods from the European Union and Mexico starting August 1. The U.S. may also add 15–20% tariffs on goods from other countries. These rising trade tensions are pushing investors toward safer currencies like the Swiss franc.
On the technical side, the USD/CHF pair is struggling to break above the 20-day moving average and a resistance line from April. Indicators show some chance of a short-term bounce, but overall pressure remains downward.
Impact:
The USD/CHF pair could stay weak if trade tensions rise and Swiss price data supports the franc. A positive surprise in U.S. data might give the dollar a short-term lift.