Will the Swiss franc, which has fallen against the U.S. dollar, rebound? All eyes are on whether it will rise.

Will the Swiss franc, which has fallen against the U.S. dollar, rebound? All eyes are on whether it will rise.

08.09.2023

In the U.S. currency market yesterday, the dollar weakened despite the fact that the number of new U.S. unemployment insurance claims, released yesterday, fell to 216,000 from 228,000 the previous week. The dollar fell from 147.866 to 147.040. Furthermore, during Asian trading hours today, it has fallen to 146.584.From a technical perspective, since USD/JPY has broken below the 20-period moving average (MA) on the 4-hour chart, we should remain cautious as to whether the dollar’s decline will continue today, the last trading day of the week.

European currencies saw the Swiss franc weaken against the U.S. dollar after yesterday’s release of Switzerland’s August employment statistics showed the unemployment rate remained unchanged from the previous month at 2.1%.The USD/CHF pair rose from 0.8908 to 0.8940, continuing the uptrend along the 10-period moving average (MA) on the 4-hour chart that began earlier this week. However, during today’s Asian session, the pair broke below the 10-period MA on the 4-hour chart and retreated, so we will be watching for the Swiss franc’s resilience during the European session.

Today, during Asian trading hours, Germany’s Consumer Price Index will be released at 3:00 PM, followed by France’sIndustrial Production, and the French Manufacturing Production Index at 15:45; the Taiwan Trade Balance at 17:00 European time; the Canadian Employment Report and Canadian Q2 Capacity Utilization at 21:30 U.S. time; remarks by U.S. Federal Reserve Vice Chair Bar at 22:00; U.S. Wholesale Inventories at 23:00; and the Russian Consumer Price Index at 25:00.We will be watching to see if the Swiss franc, which has fallen against the US dollar, will rebound and whether it can continue to rise.

Past Market Reports

1. 21.04.2026New

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

2. 20.04.2026New

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

3. 17.04.2026New

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

4. 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

5. 15.04.2026New

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

6. 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

7. 13.04.2026

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

8. 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?

9. 09.04.2026

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

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran