Swiss Franc strengthens against the dollar despite softer inflation data reducing expectations for an SNB rate hike.
The Swiss Franc (CHF) advanced against the US dollar (USD) on Friday, with USD/CHF trading near 0.7890 for the second consecutive day during Asian hours. The move occurred despite softer-than-expected inflation data, which dampened market expectations for an imminent Swiss National Bank (SNB) rate hike.
Recent inflation figures fell short of forecasts, reducing speculation that the SNB would tighten monetary policy further. The pair has remained subdued, reflecting broader market caution amid shifting rate expectations.
No immediate market reaction was reported, though the CHF’s resilience suggests underlying demand despite cooling rate hike odds.