The Swiss Franc (CHF) trades lower against the US Dollar (USD) as the latter outperforms amid firm expectations that the Federal Reserve (Fed) will raise interest rates at least once this year.
During the European trade, the USD/CHF pair trades 0.2% higher to near 0.8090
The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.25% higher to near 101.35. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.
According to the CME FedWatch tool, there is an almost 80% chance that the Fed will deliver at least one interest rate hike this year. Hawkish Fed prospects have prompted after central bank’s policy announcement this month, in which policymakers raised Federal Fund Rate expectations to 3.8% for 2026 from 3.4% anticipated in March. Meanwhile, investors await the United States (US) JOLTS Job Openings data for May, which will be released at 14:00 GMT.