Should we keep an eye on the direction of the U.S. dollar against the Swiss franc?

Should we keep an eye on the direction of the U.S. dollar against the Swiss franc?

25.07.2022

Last weekend, the U.S. dollar weakened against the Swiss franc, with the USD/CHF pair falling approximately 100 pips from 0.9704 to 0.9600. The USD/CHF has formed a triple top on the daily chart and is currently trending downward from the right shoulder.Although the pair rebounded during today’s Asian session, rising by about 50 pips, it remains below the 20-period moving average on the 4-hour chart. Therefore, we should remain cautious about the continuation of the downtrend following this corrective rally.

European currencies fell against the yen after preliminary manufacturing and services PMI figures for Germany, the eurozone, and the UK—released on the 22nd—showed consecutive month-over-month declines.The euro/yen pair fell by approximately 1.9 yen, from 140.671 to 138.773. The pound/yen pair fell by 2.1 yen, dropping from 165.131 to 162.992. Economic sentiment is deteriorating across these countries, leading to a trend of yen buying.

Today, at 4:00 PM CET, Turkey’s Economic Sentiment Index and Capacity Utilization Rate will be released; at 5:00 PM CET, Germany’s IFO Business Climate Index; at 5:30 PM CET, Hong Kong’s Trade Balance;at 19:00, the UK CBI Business Survey, and during US trading hours at 21:30, the US Chicago Fed National Activity Index, at 23:30, the US Dallas Fed Manufacturing Activity Index, and at 26:00, the US 2-year Treasury auction.Tomorrow, the U.S. Consumer Confidence Index will be released, and the FOMC meeting is scheduled for the day after tomorrow. With attention focused on the U.S. dollar, we should remain cautious of volatility in the dollar until the FOMC meeting.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?