{"id":32626,"date":"2025-08-26T06:57:20","date_gmt":"2025-08-26T06:57:20","guid":{"rendered":"https:\/\/xlence-com.wp-dev.int.theitops.net\/news-analysis\/usd-chf-holds-above-0-8050-as-fed-governor-cook-refuses-to-resign\/"},"modified":"2025-12-17T13:24:56","modified_gmt":"2025-12-17T13:24:56","slug":"usd-chf-holds-above-0-8050-as-fed-governor-cook-refuses-to-resign","status":"publish","type":"news_analysis","link":"https:\/\/www.xlence.com\/ko\/news-analysis\/usd-chf-holds-above-0-8050-as-fed-governor-cook-refuses-to-resign\/","title":{"rendered":"USD\/CHF holds above 0.8050 as Fed Governor Cook refuses to resign"},"content":{"rendered":"<ul>\n<li value=\"1\"><strong>USD\/CHF trims intraday losses as Fed Governor Lisa Cook defied President Donald Trump.<\/strong><\/li>\n<li value=\"2\"><strong>Fed Governor Cook said she would not step down and will continue fulfilling her duties.<\/strong><\/li>\n<li value=\"3\"><strong>Stronger Swiss employment data and easing inflation fuel expectations of additional SNB rate cuts.<\/strong><\/li>\n<\/ul>\n<p>USD\/CHF extends its gains for the second successive session, trading around 0.8060 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) recovers its recent losses after US Federal Reserve (Fed) Governor Lisa Cook refused to resign after US President Donald Trump announced to remove her from the position on the Fed&#8217;s board of directors. Cook said that she will not exit and will continue to carry out duties.<\/p>\n<p>The upside of the USD\/CHF pair could be limited as the Swiss Franc (CHF) may gain ground amid increased safe-haven demand, driven by rising concerns over Fed independence. Moreover, the US Dollar may face challenges as market participants expect that the dismissal of the Fed Governor Cook may increase the chances of earlier interest rate cuts, given Trump\u2019s ongoing pressure on the central bank to reduce borrowing costs.<\/p>\n<p>Additionally, Fed Chair Jerome Powell said at the Jackson Hole symposium last week that risks to the job market were rising, but also noted inflation remained a threat and that a decision wasn&#8217;t set in stone. Traders will likely await the upcoming release of the Q2 US Gross Domestic Product Annualized and July Personal Consumption Expenditures Price Index data, the Fed&#8217;s preferred inflation gauge.<\/p>\n<p>Swiss Employment Level rose 0.6% year-on-year to 5.532 million in the second quarter, matching the pace of the previous period, along with inflation remaining below the Swiss National Bank\u2019s (SNB) 2% target, bolstering expectations for further rate cuts, potentially back into negative territory.<\/p>\n<p>Additionally, the newly imposed 39% US tariff on Swiss imports is set to weigh heavily on Switzerland\u2019s export-driven economy and could increase pressure on the Swiss National Bank (SNB) to further ease policy. However, the Swiss government announced last week that it will intensify efforts to enhance the country\u2019s appeal as a business hub, including measures like easing regulatory burdens and delaying costly new rules.<\/p>\n<div class=\"post-module\">\n<div id=\"content-module-faq-Forex-chf-232\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"chf\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n<div class=\"fxs-faq-module-wrapper\">\n<h2 class=\"fxs-faq-module-title\">Swiss Franc FAQs<\/h2>\n<div class=\"fxs-faq-module-container\"><input id=\"content-module-faq-Forex-chf-232accordion0\" checked=\"checked\" type=\"checkbox\" \/><\/p>\n<section class=\"fxs-faq-module-section\">\n<h3 class=\"fxs-faq-module-header\"><label for=\"content-module-faq-Forex-chf-232accordion0\"><br \/>\nWhat key factors drive the Swiss Franc?<br \/>\n<\/label><\/h3>\n<p class=\"fxs-faq-module-content\">The Swiss Franc (CHF) is Switzerland\u2019s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country\u2019s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc\u2019s value, causing a turmoil in markets. Even though the peg isn\u2019t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone.<\/p>\n<\/section>\n<p><input id=\"content-module-faq-Forex-chf-232accordion1\" type=\"checkbox\" \/><\/p>\n<section class=\"fxs-faq-module-section\">\n<h3 class=\"fxs-faq-module-header\"><label for=\"content-module-faq-Forex-chf-232accordion1\"><br \/>\nWhy is the Swiss Franc considered a safe-haven currency?<br \/>\n<\/label><\/h3>\n<p class=\"fxs-faq-module-content\">The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country\u2019s currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in.<\/p>\n<\/section>\n<p><input id=\"content-module-faq-Forex-chf-232accordion2\" type=\"checkbox\" \/><\/p>\n<section class=\"fxs-faq-module-section\">\n<h3 class=\"fxs-faq-module-header\"><label for=\"content-module-faq-Forex-chf-232accordion2\"><br \/>\nHow do decisions of the Swiss National Bank impact the Swiss Franc?<br \/>\n<\/label><\/h3>\n<p class=\"fxs-faq-module-content\">The Swiss National Bank (SNB) meets four times a year \u2013 once every quarter, less than other major central banks \u2013 to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF.<\/p>\n<\/section>\n<p><input id=\"content-module-faq-Forex-chf-232accordion3\" type=\"checkbox\" \/><\/p>\n<section class=\"fxs-faq-module-section\">\n<h3 class=\"fxs-faq-module-header\"><label for=\"content-module-faq-Forex-chf-232accordion3\"><br \/>\nHow does economic data influence the value of the Swiss Franc?<br \/>\n<\/label><\/h3>\n<p class=\"fxs-faq-module-content\">Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc\u2019s (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank\u2019s currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate.<\/p>\n<\/section>\n<p><input id=\"content-module-faq-Forex-chf-232accordion4\" type=\"checkbox\" \/><\/p>\n<section class=\"fxs-faq-module-section\">\n<h3 class=\"fxs-faq-module-header\"><label for=\"content-module-faq-Forex-chf-232accordion4\"><br \/>\nHow does the Eurozone monetary policy affect the Swiss Franc?<br \/>\n<\/label><\/h3>\n<p class=\"fxs-faq-module-content\">As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland\u2019s main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.<\/p>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CHF extends its gains for the second successive session, trading around 0.8060 during the Asian hours on Tuesday.<\/p>\n","protected":false},"author":2,"featured_media":32627,"template":"","news_category":[107],"class_list":["post-32626","news_analysis","type-news_analysis","status-publish","has-post-thumbnail","hentry","news_category-latest-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>USD CHF Holds Above 0.8050 as Fed Governor Defies Trump<\/title>\n<meta name=\"description\" content=\"USD\/CHF stays above 0.8050 as the US Dollar steadies after Fed Governor Cook refuses to resign, while 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