USDCHF moves to new lows going back to July ...Middle East

Fundamentals also leaned against the dollar after remarks from Swiss National Bank President Martin Schlegel. He reiterated that

Negative interest rates would only return under exceptional circumstances, stressing their harmful effects on savers and pension funds. With the policy rate now at zero following this year’s cuts, Schlegel said officials remain cautious about further easing, even as they monitor U.S. tariffs and sluggish domestic inflation. He defended the pace of earlier reductions as necessary to avoid bigger risks, but conceded it leaves the SNB with limited scope to respond to new shocks. Markets, he noted, still expect rates to remain steady well into 2026.

Moving back above the 0.7947 could disappoint the sellers looking for more downside momentum. The low price from Friday's post- employment reaction reached 0.79555. Moving back above that level would be another disappointment for sellers.

This article was written by Greg Michalowski at investinglive.com.

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