USDCHF Exchange Rate

The Swiss franc weakened against other major currencies in the European session on Monday amid risk appetite, as investors welcomed stimulus measures in China to support the country's property sector and pondered the outlook for rates.

The Swiss franc weakened against other major currencies in the European session on Monday.

The U.S. dollar declined against its major counterparts in the New York session on Friday on growing expectations that the U.S. Federal Reserve could start cutting interest rates as early as September.

Suggesting softer economic conditions lay ahead, the Conference Board released a report on Friday showing a continued decrease by its reading on leading U.S. economic indicators in the month of April. The Conference Board said its leading economic index fell by 0.6 percent in April after dipping by 0.3 percent in March. Economists had expected the index to decrease by another 0.3 percent.

the U.S. Dollar Index (DXY) has experienced a resurgence, presently holding above the 105 mark. This strength is supported by a hawkish tone from Federal Reserve officials,

he U.S. equity markets saw a halt in their two-day rally, primarily pulled down by disappointing earnings from Meta Platforms. As a result, both the Nasdaq and S&P 500 were left nearly unchanged, while the Dow Jones Industrial Average closed lower.

The market exhibited relative quietness in yesterday's trading session as investors positioned themselves ahead of Friday's release of the PCE index.

At the outset of the week, market attention is squarely focused on the upcoming release of the Fed's preferred inflation measure, the PCE index, scheduled for Friday, alongside remarks from Federal Reserve Chair Jerome Powell following the release.