USD/CHF Holds Steady at 0.8250 as Trump Tariffs Trigger Dollar Bounce

USD/CHF Consolidates at 0.8250 as Trump’s Tariff Hike Supports Dollar Rebound

Dollar Recovers as Tariffs Take Effect

The USD/CHF pair trades around 0.8250 in Wednesday’s Asian session, extending gains for the second consecutive day. The US Dollar appears to be staging a technical recovery, helped by renewed trade tensions and anticipation of global monetary easing.

Track it live: USD/CHF Real-Time Chart and Key Levels

Trump Hikes Tariffs on Steel and Aluminum Imports

The US administration, led by President Donald Trump, has officially doubled tariffs on steel and aluminum imports to 50%, effective 04:00 GMT. This measure adds weight to the Greenback in the short term as investors weigh the impact on global trade and capital flows.

More on this: Trump’s Tariff Moves and Their Currency Impact

SNB Rate Cut in Sight After Weak Swiss Data

On the Swiss side, recent economic data increased the likelihood of a 25 basis point rate cut by the Swiss National Bank (SNB) in June. A dovish SNB could cap gains in the Swiss Franc (CHF) and help support USD/CHF in the coming sessions.

Related post: Will the SNB Cut Rates in June? Full Preview

JOLTS Data Beats Expectations, Adds Temporary Support

The JOLTS Job Openings report showed 7.39 million new openings in April, above the forecast of 7.1 million. This adds a slight positive signal to the otherwise fragile US macroeconomic backdrop.

Also read: How US Jobs Data Affects Forex Markets

Suggested Internal Links:

• Daily USD/CHF Forecast and Pivot Points
• Central Bank Tracker – SNB, Fed, BoE
• US-China Trade Negotiation Timeline