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fxJul 6, 2026, 6:31 AM

USD/CHF Down 0.25% as Market Eyes US Services PMI Data

The USD/CHF pair slipped 0.25% to around 0.8055 during European trading as the US Dollar rebounded. Traders are monitoring upcoming US Services PMI data and reconsidering Fed rate hike expectations.

USDCHF

The Swiss Franc faced selling pressure against the US Dollar at the start of the week, but the USD/CHF pair still traded 0.25% lower near 0.8055 in the European session.

The US Dollar bounced back despite traders reassessing the likelihood of a Federal Reserve rate hike. Attention now turns to the US Services PMI report, which could provide further direction for the currency pair.

Source: FXStreet Forex News