Post #15711

The Current State of USD/CHF USD/CHF bounced cleanly off support near 0.7890 but is now giving some of that move back. The initial USD bid came as tariff fears cooled, with Trump dialing back threats tied to Greenland, pausing new EU tariffs and outlining a framework for negotiations. NATO comments helped ease tensions further, shifting the focus toward broader Arctic security rather than sovereignty. On the data front, the dollar was supported by another round of strong U.S. numbers. Q3 GDP was revised up to a robust 4.4%, the fastest pace in two years, while jobless claims stabilized around 200k—reinforcing the view that the Fed can stay on hold in January. The current pullback in USD pairs looks more like relative weakness than a broad dollar unwind, driven by strong outperformance in AUD and NZD, which are weighing on the rest of FX. - Alan