Post #15177

Dollar Under Pressure as Risk Appetite Returns USD/CHF continues to drift lower, pressured by soft U.S. data and strong global risk appetite. Price is testing support near 0.7930, a key level to watch. A break lower could open the door to 0.7850, while a rebound may retest 0.8000–0.8050 resistance levels. The dollar remains under pressure after a softer U.S. CPI print reinforced expectations for another 25bps Fed cut this week. Positive headlines around U.S.–China trade talks have further boosted risk sentiment, keeping the greenback on the backfoot. On the Swiss side, the SNB remains steady, with no new policy changes and limited appetite for further rate cuts. The central bank noted that inflation remains well below target but expects a gradual pickup in coming quarters — leaving the franc driven mainly by global risk sentiment. With the Fed's expected rate cut and U.S.–China optimism building, risk-on sentiment could keep USD/CHF pressured in the near term.