⚡Crypto Alert : Start Trading Cryptos with 0 Fees - Click Here

USD/CHF Remains Soft Below 0.87 After the CPI Inflation Report

USD/CHF was making some decent gains from July until the end of September, but sellers have taken control since the beginning of October, as markets have shown symptoms of anxiety with geopolitics remaining high, benefiting the CHF as a safe haven, while the USD is on a retreating trend due to lower inflation figures.

The FED has recently weighed in on this pair, as markets foresee no further hikes from them, which has pushed the USD lower. This pair dipped below 0.90 in late October and has continued to keep the bullish momentum going. As a result, the price of USD/CHF has fallen below 0.87, and further drops are predicted in the following days/weeks if the same sentiment continues.

Earlier today we had the inflation report from Switzerland which was expected to fall flat at 0.0% in October. Inflation didn’t surge in Switzerland as it did in the EU or the US, and it has been softening up too.

🏆 10 Best Forex Brokers

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewSFSA, FSCA, CySec*USD 5Visit Broker >>
5Read ReviewIFSC, FCA, CySEC, ASIC, CMAUSD 5Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewIFSCUSD 10Visit Broker >>
8Read ReviewNot Regulated0.001 BTCVisit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewSVGFSAUSD 5Visit Broker >>

Swiss October CPI Inflation Report

  • November CPI +1.4% vs +1.7% y/y expected
  • October CPI Inflation +1.7%
  • Core CPI +1.4% y/y
  • Prior +1.5%

The good news for the SNB is that core annual inflation is seen keeping below the 2% mark and that will give them more confidence to keep policy on hold next week.


Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles