USD/CHF HOVERS NEAR 0.8050, 14-YEAR LOWS DUE TO RISING US UNCERTAINTY, SAFE-HAVEN DEMAND
USD/CHF HOVERS NEAR 0.8050, 14-YEAR LOWS DUE TO RISING US UNCERTAINTY, SAFE-HAVEN DEMAND
The USD/CHF currency pair has recently declined to approximately 0.8070 during the Asian session on Tuesday, April 22, 2025, marking a 14-year low.
The pair continues its downward trend for the third consecutive session, trading near 0.8070, as the U.S. dollar weakens due to escalating political and economic uncertainties.
President Donald Trump's public criticism of Federal Reserve Chairman Jerome Powell, labeling him a "major loser" and calling for immediate interest rate cuts, has unsettled investors and undermined confidence in U.S. monetary policy.
The Swiss franc's appeal as a safe-haven currency has increased amid global uncertainties, leading to its appreciation against the U.S. dollar.
Ongoing trade disputes, particularly with China, have exacerbated concerns about the U.S. economic outlook, further pressuring the dollar.
Analysts suggest that if current trends persist, the USD/CHF pair may test lower levels, with the next support around 0.8000, as the Swiss franc continues to benefit from its safe-haven status.
