USD/CHF gains ground after four days of losses, trading around 0.8220 during Asian hours on Wednesday. The currency pair appreciates as the US Dollar (USD) gains ground on the back of a hawkish policy outlook from the Federal Reserve (Fed).
Following a recent 25 basis point increase that brought the benchmark interest rate target to the 3.75%–4.00% range, Fed policymakers have signaled that another rate hike remains on the table before the end of the year. Financial markets are actively pricing in this trajectory, with the CME FedWatch Tool showing nearly an 89.2% probability of a December rate increase as traders turn their focus toward the preliminary US PMI data scheduled for release later on Wednesday.
In Switzerland, macroeconomic data highlighted a significantly widened current account surplus, which rose to CHF 23.7 billion in the second quarter of 2026 compared to a…
