Summary (TL;DR)
- Spot: USD/CHF trades roughly 0.8060–0.8070 around mid‑day Monday, little changed on the session. Reuters
- Drivers today: Hopes that a U.S. government funding measure advances kept the dollar broadly steady; markets still price roughly a ~60% chance of a December Fed cut, leaving majors—including CHF—range‑bound. Reuters
- Swiss side: SNB policy rate at 0% and “willing to be active” in FX if needed; October CPI slowed to 0.1% YoY, keeping the franc’s fundamentals firm. SNB
- Base case (24–48h): Range 0.8000–0.8120 ahead of U.S. CPI on 13 Nov; a break decides the next leg. FRED
Where USD/CHF Stands Now (10 November 2025)
- Official daily reading: The Swiss National Bank’s data portal shows 1 USD = 0.8059 CHF for 10.11.2025. SNB
- Real‑time market snapshot: Reuters quotes USDCHF=X “trading higher ~0.81 CHF” with today’s range 0.80–0.81 and open 0.8052 (values delayed up to 15 minutes). Reuters
- Intraday range detail: Investing.com lists today’s USD/CHF range at 0.8048–0.8073, with an opening price at 0.8052 and a 52‑week range 0.7829–0.9202. Investing
Takeaway: Price action is calm and boxed inside the 0.80–0.81 band as broader dollar moves pause and CHF retains a low‑inflation, low‑rate premium. Reuters
What’s Moving USD/CHF Today
- U.S. headlines: The dollar was broadly steady early Monday with majors trading in tight ranges as investors weighed signs that a U.S. government funding deal could progress in the Senate. Reuters noted USD/CHF near 0.806 and ~60% odds of a December Fed cut, keeping the greenback capped. Reuters
- Spot color: FXStreet reports USD/CHF wobbling around 0.8060 as the funding measure advances. FXStreet
- Risk mood & yields: Equities firmed on shutdown‑deal optimism while U.S. 10‑year yields edged up around 4.13%, a modest dollar tailwind that hasn’t broken USD/CHF out of its range. Investing
The Swiss Side: Rates, Inflation & Policy Stance
- Policy rate: At its 25 September assessment, the SNB kept the policy rate at 0% and reiterated it remains willing to be active in the foreign‑exchange market if necessary. That keeps the policy backdrop CHF‑supportive without telegraphing immediate moves. SNB
- Inflation: The Federal Statistical Office said October CPI fell 0.3% MoM and slowed to 0.1% YoY, undershooting consensus and underscoring Switzerland’s very low inflation environment. Federal Statistical Office
Implication: With inflation near the bottom of the SNB’s 0–2% range, there’s little domestic pressure to tighten; equally, ultra‑low inflation leaves the SNB comfortable with a steady‑hand stance unless CHF strength turns disorderly. SNB
The U.S. Side: Fed Path & This Week’s Catalyst
- Recent move: The Federal Reserve cut rates by 25 bps on 30 Oct, citing a softening job market and data gaps amid the shutdown. That move lowered the policy range and keeps attention on incoming inflation prints. Reuters
- What’s next: The next big USD catalyst is CPI on Thursday, 13 Nov (per FRED/BLS release schedule). A surprise could quickly reset December cut odds and push USD/CHF out of its coil. FRED
- Today’s calendar hints: Light U.S. data today (auctions and Fed speak) argue for range trading into CPI unless headline risk on the funding bill breaks. Investing
USD/CHF Technical & Trading Picture (No‑Chart)
Structure: Sideways bias inside 0.8000–0.8100 since late last week, with repeated failure to sustain above the 0.8100 round number and shallow dips bought near 0.8040–0.8050. Investing
Key levels
- Resistance: 0.8100, then 0.8120/0.8150 (round‑number friction and recent summer pivot area).
- Support: 0.8050/0.8040 (intraday floor), then 0.8000 and 0.7960 (psychological/last month’s congestion). Investing
Momentum view (qualitative): With spot hugging the middle of the band and macro catalysts ahead, fade extremes remains attractive intraday; sustained closes above 0.8100 would expose 0.8150, while a daily close below 0.8000 would re‑invite 0.7950s.
Today’s News Flow At A Glance (10.11.2025)
- Dollar steady; shutdown‑deal hopes: majors in tight ranges; USD/CHF ~0.806; December cut odds ~60%. Reuters
- USD/CHF intraday tone: “wobbles around 0.8060” as the Senate advances a funding measure. FXStreet
- Risk tone & yields: global stocks firmer; U.S. 10‑year ~4.13%. Investing
- Official CHF readings:USD/CHF 0.8059 on the SNB data portal for 10.11.2025. SNB
24–48 Hour Outlook & Levels To Watch
Base case (neutral/range):
- Hold 0.8000–0.8120 into Thursday’s U.S. CPI; whipsaws likely on any hard headlines around Capitol Hill funding. FRED
Bullish USD/CHF case (breakout higher):
- A decisive daily close above 0.8100 (on rising yields or a hawkish CPI surprise) would open 0.8150 next. Investing
Bearish USD/CHF case (breakdown):
- A sustained move below 0.8000 (risk‑off or soft CPI) points to 0.7960 first support. Investing
Medium‑Term View (into late November)
- Macro spread: With the Fed easing and the SNB on hold at 0% while Swiss inflation runs at 0.1% YoY, relative policy is less of a headwind for CHF than in prior cycles; this favors range‑to‑slightly‑lower USD/CHF unless U.S. data re‑accelerate. Reuters
- Event risk: The SNB’s December decision (widely expected to stay on hold) and any renewed global risk aversion—where CHF’s safe‑haven bid typically strengthens—are the main swing factors. Reuters
Directional bias:Neutral to mildly bearish USD/CHF into the U.S. CPI print; 0.7950–0.8150 likely bounds unless data decisively shift Fed expectations. FRED
Practical Trading Notes (Not Financial Advice)
- Respect 0.8100 as first resistance; fades have worked while shutdown headlines drip‑feed and before CPI. Investing
- Watch Treasury yields and front‑end Fed‑cut odds—they’re dictating whether the 0.80–0.81 coil resolves higher or lower. Investing
Sources
Live pricing, ranges and facts cited from: Reuters USDCHF=X real‑time quote; SNB data portal; Investing.com USD/CHF page; Reuters FX wrap (Nov 10); FXStreet intraday update (Nov 10); Swiss FSO CPI release (Oct data); Fed Oct 30 rate‑cut report (Reuters); FRED/BLS release schedule for CPI (Nov 13); Investing.com market wrap on yields & risk. Investing.com
Disclosure: This article is for information and commentary only and is not investment advice. FX and derivatives trading involves risk.
