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USD/CHF rises to fresh May 2025 highs near 0.8300
The move is linked to a widening interest-rate gap after the SNB left its key policy rate at 0% in September while the Fed stayed comparatively hawkish after a 25 bps hike earlier this month.
USD/CHF extended gains for a fourth straight day in Monday's Asian session, reaching a fresh high since May 2025 near the 0.8300 area, according to FXStreet.
FXStreet said the Swiss franc has lagged the dollar as interest rate gaps widen between the Swiss National Bank and the US Federal Reserve.
The outlet pointed to the SNB keeping its key policy rate unchanged at 0% in September, while the Fed maintained a comparatively hawkish policy outlook after a widely expected 25 basis points rate hike earlier this month.
FXStreet also cited elevated US bond yields near multi year highs and ongoing geopolitical uncertainty as factors supporting the dollar, alongside the currency's reserve status.