The Swiss Franc (CHF) traded lower against the US Dollar (USD) during European hours, with the USD/CHF pair rising 0.2% to near 0.8090 as the US Dollar outperformed major currencies on June 30, 2026 [1]. The US Dollar Index (DXY), which measures the Greenback against six major currencies, was up 0.25% at approximately 101.35 [1]. The USD was the strongest against the Japanese Yen, and gained 0.22% against the Swiss Franc, according to the day's percentage change table [1].
Market sentiment was driven by firm expectations that the Federal Reserve will raise interest rates at least once this year. The CME FedWatch tool indicated an almost 80% probability of a Fed rate hike in 2026, following the central bank's recent policy announcement, which raised the Federal Funds Rate expectation for 2026 to 3.8%, up from 3.4% projected in March [1].
Investors are awaiting the release of the US JOLTS Job Openings data for May, scheduled for 14:00 GMT, with expectations for 7.3 million new jobs, down from 7.618 million in April [1]. Later in the week, the US Nonfarm Payrolls (NFP) report for June is anticipated, with forecasts of 110,000 new jobs, lower than the 172,000 reported in May, while the Unemployment Rate is expected to remain steady at 4.3% [1].
In Switzerland, attention is on the upcoming Real Retail Sales data for May, due Wednesday, which is expected to show a year-on-year increase of 0.8%, down from 1.6% in April [1].
CONCLUSION
The US Dollar's strength against the Swiss Franc is underpinned by expectations of further Fed rate hikes and upcoming US labor market data. Market participants are closely watching the JOLTS and NFP reports for confirmation of economic trends, while Swiss retail sales data may influence CHF performance. Overall, the market reaction reflects a moderate positive sentiment for the USD in the near term.