{"id":409685,"date":"2025-10-31T01:27:55","date_gmt":"2025-10-30T19:57:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/usd-chf-steady-near-two-week-high-amid-fed-caution-and-dovish-snb-remarks-crypto-news\/"},"modified":"2025-10-31T02:29:51","modified_gmt":"2025-10-30T20:59:51","slug":"usd-chf-steady-near-two-week-high-amid-fed-caution-and-dovish-snb-remarks-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-chf-steady-near-two-week-high-amid-fed-caution-and-dovish-snb-remarks-crypto-news\/","title":{"rendered":"USD\/CHF steady near two-week high amid Fed caution and dovish SNB remarks – Crypto News"},"content":{"rendered":"

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The Swiss Franc (CHF) weakens against the US Dollar (USD) on Thursday, with USD\/CHF extending its advance to a two-week high around 0.8026, as the Greenback strengthens broadly following the Federal Reserve\u2019s (Fed) latest interest rate decision and renewed optimism over a US-China trade truce.<\/p>\n

The US Dollar Index (DXY), which measures the Greenback\u2019s performance against a basket of six major currencies, surged to a three-month high near 98.53 at the time of writing, reflecting renewed buying interest after the Fed signaled a more cautious approach toward further rate cuts.<\/p>\n

On Wednesday, the Fed delivered a second consecutive 25-basis-point (bps) rate cut, lowering the federal funds rate to a range of 3.75%-4.00%, in line with market expectations. However, the decision was not unanimous, with Governor Stephen Miran voting for a deeper 50 bps reduction and Kansas City Fed President Jeffrey Schmid preferring to keep rates<\/a> unchanged.<\/p>\n

During the post-meeting press conference, Fed<\/a> Chair Jerome Powell said that \u201ca further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it.\u201d Traders, who were previously almost certain of another cut in December, have now dialed back easing expectations.<\/p>\n

Adding to the Dollar\u2019s strength, US President Donald Trump and Chinese President Xi Jinping agreed earlier on Thursday to a one-year trade truce, which includes reducing US tariffs on Chinese goods and China\u2019s commitment to resume purchases of US soybeans. Trump also said that China has agreed to \u201ccontinue the flow of rare earth, critical minerals, magnets, etc., openly and freely.\u201d<\/p>\n

On the Swiss front, comments from Swiss National Bank (SNB) Governing Board Member Petra Tschudin offered little support to the Franc. Tschudin reiterated that the SNB\u2019s monetary policy remains expansive and that inflation is expected to stay within the range of price stability.<\/p>\n

He emphasized that the level of the Franc is not important in itself, only its effect on inflation, adding that the SNB<\/a> is prepared to intervene in the currency market when necessary and would reintroduce negative interest rates if required, noting that \u201cwe know they work.\u201d<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Swiss Franc (CHF) weakens against the US Dollar (USD) on Thursday, with USD\/CHF extending its advance to a two-week high around 0.8026, as the Greenback strengthens broadly following the Federal Reserve\u2019s (Fed) latest interest rate decision and renewed optimism over a US-China trade truce. The US Dollar Index (DXY), which measures the Greenback\u2019s performance […]<\/p>\n","protected":false},"author":2,"featured_media":409695,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-409685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=409685"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409685\/revisions"}],"predecessor-version":[{"id":409697,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/409685\/revisions\/409697"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/409695"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=409685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=409685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=409685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}