All eyes are on whether the rebounding U.S. dollar will strengthen against the Swiss franc

All eyes are on whether the rebounding U.S. dollar will strengthen against the Swiss franc

11.01.2023

In the U.S. currency market yesterday, a wait-and-see mood prevailed ahead of tomorrow’s U.S. CPI release, resulting in lackluster price action. The EUR/USD traded in a range between 1.0712 and 1.0758, and has yet to show a clear direction during today’s Asian session. However, since the price is currently trading above the 10-period moving average on the 4-hour chart and remains in the upper range, we will be watching to see if upward momentum emerges during the European session.

Among European currencies, the Swiss franc, which had been strengthening, lost momentum against the yen, causing the USD/CHF pair to rebound by just under 60 pips from 0.9194 to 0.9252.USD/CHF has been in a downtrend since November 4 of last year and had been hitting new lows for the year, but we are now seeing signs of a rebound. Since the weekly chart shows a lower wick, we will be watching closely to see if the USD/CHF’s rebound momentum continues.

Today, the Japanese Leading Economic Index is scheduled for 2:00 PM Asia time, followed by Turkey’s current account balance at 4:00 PM Europe time,at 20:30, India’s money supply; at 21:00, the U.S. MBA Mortgage Applications Index, Brazil’s retail sales, and Mexico’s industrial production; at 24:30 U.S. time, U.S. weekly crude oil inventories; at 25:00, Russia’s Consumer Price Index; and at 27:00, the U.S. 10-year Treasury auction. We will be watching for signs of whether the rebounding U.S. dollar will strengthen against the Swiss franc.

Past Market Reports

1. 21.04.2026New

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

2. 20.04.2026New

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

3. 17.04.2026New

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

4. 16.04.2026New

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

5. 15.04.2026New

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

6. 14.04.2026

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

7. 13.04.2026

   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. 10.04.2026

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

9. 09.04.2026

   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. 08.04.2026

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