Will the Swiss franc, which has been on the rise, maintain its momentum, or should we wait and see?

Will the Swiss franc, which has been on the rise, maintain its momentum, or should we wait and see?

09.01.2024

In yesterday’s U.S. trading session, the U.S. dollar was the weakest currency. The EUR/USD pair rose from 1.0922 to 1.0978, recovering to the recent high on the 4-hour chart. From a technical perspective, the daily chart shows an ongoing uptrend centered around the 20-day moving average. We will be watching to see if the euro will continue to rise against the U.S. dollar following a period of consolidation.

European currencies saw the Swiss franc strengthen against the U.S. dollar after Switzerland’s December Consumer Price Index (CPI), released yesterday, rose to 1.7% year-over-year from 1.4%.The USD/CHF pair fell from 0.8521 to 0.8459, breaking below the 200-period simple moving average (SMA) on the hourly chart. With the franc remaining strong and the dollar weakening during today’s Asian session, traders should remain cautious regarding price movements during the European session.

Today's economic indicators include Swiss employment data at 3:45 p.m., German industrial production at 4:00 p.m., and Frenchtrade balance and current account balance at 16:45, Taiwan’s trade balance at 17:00, Eurozone employment data at 19:00, Mexico’s Consumer Price Index at 21:00, U.S. trade balance at 22:30, Canada’s international merchandise trade at 22:30, Canada’s housing permits at 22:30, and remarks by U.S. Federal Reserve Vice Chair Bar at 02:00.I want to watch closely to see if the Swiss franc, which has been rising, can maintain its momentum.

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