Skip to content USDCHF Fundamental Analysis – 10-July-2024
July 10, 2024
The Swiss franc traded at about $0.89 (USD/CHF), close to its lowest in five weeks, as traders evaluate the economic and monetary outlook. In June, Switzerland’s inflation rate dropped to 1.3%, down from 1.4% in the previous two months.
The Swiss National Bank cut the key interest rate by 25 basis points for the second meeting in a row last month. Unlike other central banks like the Fed, which hasn’t eased, and the ECB, which is cautious about cutting rates, Swiss policymakers are taking a different path. Meanwhile, the dollar has fallen since late June as more people expect the Fed to cut borrowing costs this year.
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