USD/CHF Stays Near 0.8250 Before Trump’s Tariffs Start
The USD/CHF pair is holding steady around the 0.8250 level. This is happening as traders wait for the new tariffs announced by former U.S. President Donald Trump to be put in place.
The U.S. plans to charge a 25% tariff on goods from Canada and Mexico, and a 10% tariff on Chinese products. These new tariffs will begin soon, and the market is watching closely.
Because of this, many traders are being careful. They want to see how the new trade rules will affect the global economy. This is creating some worry in the market.
At the same time, the Swiss Franc (CHF) is seeing more demand. It is known as a safe currency during uncertain times. That’s why some traders are moving to CHF, which is helping to keep the USD/CHF pair near the current level.
As the date of the tariff start gets closer, more market movement is expected.
Impact: The USD/CHF rate might move more in the coming days. If the tariffs are put in place, the market could react strongly and cause price changes.