USDCHF Surges After Trump’s Comments; Key CPI Report Ahead

UPDATE: The USDCHF currency pair has surged following positive comments from former President Donald Trump regarding China, as the US dollar strengthened amid bouncing Treasury yields. This immediate development comes as markets react to shifting risk sentiment following recent tariff threats.

As the US government shutdown continues, crucial economic reports are delayed, heightening the stakes for the upcoming Consumer Price Index (CPI) report set to release today, July 15, 2025. Analysts emphasize that strong US employment data is essential to maintain the dollar’s momentum, especially with rising concerns over the labor market’s stability.

The latest fluctuations have seen USDCHF drop to a low of 0.7872 before experiencing a pullback. Traders are closely monitoring the potential for further declines or a reversal, with buyers likely to re-enter around the 0.7872 mark, targeting a rally towards 0.8073. Conversely, sellers are poised to push for lower prices should the pair break below this critical support level.

While the Swiss National Bank (SNB) maintained steady interest rates at its last meeting, the bank’s President, Thomas Schlegel, indicated that further rate cuts are unlikely unless inflation dips significantly below the 2% target. The current Swiss inflation levels remain insufficient to warrant such action, keeping the CHF predominantly influenced by risk sentiment.

With the US-China relationship in focus, any adverse developments could overshadow today’s CPI report, potentially impacting the dollar’s performance significantly. As the market remains volatile, traders are urged to stay alert to any shifts in sentiment that may arise from geopolitical events or economic data releases.

As the trading day unfolds, all eyes will remain on the US CPI figures and flash PMIs, which could dictate the next movements of the USDCHF pair. Will the dollar maintain its strength, or will fears of economic slowdown prevail? Stay tuned for updates as this story develops.