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fxJul 3, 2026, 5:02 AM

USD/CHF Slides to 0.8020 as US Dollar Weakens on Labor Data

The Swiss franc strengthened against the US dollar, pushing USD/CHF to 0.8020, as disappointing US labor data reduced expectations of further Fed rate hikes.

USDCHF

USD/CHF extended its losses for a second consecutive day, trading around the 0.8020 level during Asian hours on Friday.

The pair declined as the US dollar lost ground following disappointing domestic labor data released on Thursday, which dampened expectations for further Federal Reserve rate hikes.

The market is now pricing fewer chances of aggressive tightening, weighing on the greenback and supporting the Swiss franc.

Source: FXStreet Forex News