S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
- USD/CHF climbs as the US Dollar rebounds from daily losses, bolstered by rising Treasury yields.
- The US Dollar faced headwinds amid growing concerns over a potential economic slowdown in the United States.
- The Swiss Franc weakens as improved risk sentiment reduces demand for safe-haven assets.
USD/CHF extends its winning streak for the fourth consecutive session, trading near 0.8840 during Asian hours on Monday. The pair gains as the US Dollar (USD) recovers its daily losses, supported by rising Treasury yields amid a hawkish tone surrounding the Federal Reserve (Fed). Last week, Fed Chair Jerome Powell noted, “Labor market conditions are solid, and inflation has moved closer to our 2% longer-run goal, though it remains somewhat elevated.”
The US Dollar Index (DXY), which measures the USD against six major currencies, continues to rise, hovering around 104.10. Meanwhile, yields on US 2-year and 10-year Treasury bonds stand at 3.97% and 4.28%, respectively.
However, the USD faced some pressure amid concerns over a potential US economic slowdown, driven by trade policies under President Trump. Investors now await the preliminary reading of the US S&P Global PMI data for March, set for release later in the North American session.
The Swiss Franc (CHF) may be under downward pressure due to improved risk sentiment, reducing demand for safe-haven assets. This shift follows reports that the White House is adjusting its tariff strategy ahead of the April 2 implementation, according to the Wall Street Journal. Additionally, geopolitical tensions have eased, with Ukrainian and US officials meeting in Riyadh on Sunday to discuss peace efforts, while President Trump continues to advocate for an end to the three-year war.
The Swiss National Bank (SNB) lowered its key policy rate to 0.25% on Thursday, its lowest level since September 2022. Although the move was widely anticipated, the SNB refrained from committing to a specific policy path. Policymakers emphasized that lower borrowing costs are necessary to align monetary conditions with subdued inflationary pressure.
