Swiss Franc weakens against US Dollar, eyes on US JOLTS Job Openings data

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The Swiss Franc (CHF) trades lower against the US Dollar (USD) as the latter outperforms amid firm expectations that the Federal Reserve (Fed) will raise interest rates at least once this year.

The Swiss Franc faces selling pressure against the US Dollar ahead of US JOLTS Job Openings data for May.
The US Dollar outperforms as the Fed is expected to deliver at least one interest rate hike this year.
Investors await Swiss Real Retail Sales for May and the US NFP data for June.

The Swiss Franc (CHF) trades lower against the US Dollar (USD) as the latter outperforms amid firm expectations that the Federal Reserve (Fed) will raise interest rates at least once this year.

During the European trade, the USD/CHF pair trades 0.2% higher to near 0.8090. The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.25% higher to near 101.35.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.23%	0.26%	0.28%	0.19%	-0.01%	-0.18%	0.22%
EUR	-0.23%		0.02%	0.02%	-0.09%	-0.25%	-0.43%	-0.02%
GBP	-0.26%	-0.02%		0.00%	-0.10%	-0.26%	-0.44%	-0.05%
JPY	-0.28%	-0.02%	0.00%		-0.09%	-0.29%	-0.44%	-0.07%
CAD	-0.19%	0.09%	0.10%	0.09%		-0.21%	-0.35%	0.03%
AUD	0.00%	0.25%	0.26%	0.29%	0.21%		-0.14%	0.25%
NZD	0.18%	0.43%	0.44%	0.44%	0.35%	0.14%		0.37%
CHF	-0.22%	0.02%	0.05%	0.07%	-0.03%	-0.25%	-0.37%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

According to the CME FedWatch tool, there is an almost 80% chance that the Fed will deliver at least one interest rate hike this year.

Hawkish Fed prospects have prompted after central bank’s policy announcement this month, in which policymakers raised Federal Fund Rate expectations to 3.8% for 2026 from 3.4% anticipated in March.

Meanwhile, investors await the United States (US) JOLTS Job Openings data for May, which will be released at 14:00 GMT. The data is expected to show that employers posted 7.3 million fresh jobs, lower than 7.618 million in April.

This week, the major trigger for the US Dollar will be the Nonfarm Payrolls (NFP) data for June, which will be released on Thursday. The official employment report is expected to show that the economy created 110K fresh jobs, lower than 172K in May. The Unemployment Rate remains steady at 4.3%.

In the Swiss region, investors will focus on the Real Retail Sales data for May, which will be released on Wednesday. The Real Retail Sales data is expected to arrive at 0.8% Year-on-Year (YoY), lower from 1.6% in April.

Economic Indicator

JOLTS Job Openings

JOLTS Job Openings is a survey done by the US Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month.