USD/CHF eyes 0.9000 amid strength in US Dollar infuses by hawkish Fed bets


  • USD/CHF is aiming to recapture the critical resistance of 0.9000 as Fed policymakers are convinced of more rate hikes.
  •  S&P500 futures have recovered the majority of losses reported on Friday, portraying a recovery in investors’ risk appetite.
  • Swiss inflation is expected to get arrested sooner by the SNB as banks have tightened their credit conditions after the collapse of Credit Suisse.

The USD/CHF pair has resumed its upside journey after a minor correction to near 0.8940 in the early Asian session. The Swiss Franc asset has rebounded and has resumed its upside journey towards the round-level resistance of 0.9000. The major is following the footprints of the US Dollar Index (DXY). The latter has regained traction after a minor downside as the Federal Reserve (Fed) is ignoring the risk of a recession in the United States economy and is confident on track to hiking rates further.

S&P500 futures have recovered the majority of losses reported on Friday, portraying a recovery in the risk appetite of the market participants. The 500-stock basket futures have rebounded as investors are anticipating a decent quarterly result season as the impact of higher rates from the Fed would have been offset by lower gasoline prices.

The USD Index is aiming to recapture Friday’s high of 101.75 as Fed policymakers are convinced that one more rate hike is on the table. Atlanta Fed President Raphael Bostic, meanwhile, said one more quarter-percentage-point interest rate hike can allow the Fed to end its tightening cycle with some confidence that inflation will steadily return to its 2% target.

Also, Fed Governor Christopher Waller said on Friday that despite a year of aggressive rate increases, U.S. central bankers "haven't made much progress" in returning inflation to their 2% target and need to move rates higher still.

On the Swiss Franc front, Swiss inflation is expected to get arrested sooner by the Swiss National Bank (SNB) as commercial banks have tightened their credit disbursing conditions after the collapse of Credit Suisse.

USD/CHF

Overview
Today last price 0.8948
Today Daily Change 0.0011
Today Daily Change % 0.12
Today daily open 0.8937
 
Trends
Daily SMA20 0.9107
Daily SMA50 0.9217
Daily SMA100 0.9252
Daily SMA200 0.9489
 
Levels
Previous Daily High 0.8959
Previous Daily Low 0.8867
Previous Weekly High 0.9114
Previous Weekly Low 0.886
Previous Monthly High 0.944
Previous Monthly Low 0.9072
Daily Fibonacci 38.2% 0.8924
Daily Fibonacci 61.8% 0.8902
Daily Pivot Point S1 0.8883
Daily Pivot Point S2 0.8829
Daily Pivot Point S3 0.8791
Daily Pivot Point R1 0.8975
Daily Pivot Point R2 0.9013
Daily Pivot Point R3 0.9067

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD retests daily lows near 1.0850 on softer US PPI

EUR/USD retests daily lows near 1.0850 on softer US PPI

EUR/USD remains on the defensive against the backdrop of another positive day in the US Dollar, always amid intense tariff jitters and weaker-than-expected US Producer Prices in February.

EUR/USD News
Gold looks bid and trades close to $2,950

Gold looks bid and trades close to $2,950

Gold extends its winning streak, moving toward the $2,950 mark after notching gains over the past two sessions. Heightened fears of an economic downturn, spurred by escalating trade tensions, have fueled a risk-off environment—further boosting the allure of the precious metal as a safe-haven asset.

Gold News
GBP/USD remains offered near 1.2940 on USD buying

GBP/USD remains offered near 1.2940 on USD buying

The continuation of the buying interest in the Greenback keeps the risk complex under pressure, motivating GBP/USD to recede to the 1.2940 region and reverse two consecutive days of gains for the time being.

GBP/USD News
Metaverse narrative stalls as price action fades, but on-chain data signals continuing accumulation

Metaverse narrative stalls as price action fades, but on-chain data signals continuing accumulation

Metaverse tokens are cryptocurrencies associated with virtual worlds, digital economies, and immersive online experiences. Tokens like Sandbox, Decentraland, and Axie Infinity, three of the most prominent assets during the Metaverse boom of 2021, continue to face correction since they topped in early December.

Read more
Brexit revisited: Why closer UK-EU ties won’t lessen Britain’s squeezed public finances

Brexit revisited: Why closer UK-EU ties won’t lessen Britain’s squeezed public finances

The UK government desperately needs higher economic growth as it grapples with spending cuts and potential tax rises later this year. A reset of UK-EU economic ties would help, and sweeping changes are becoming more likely.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025