24 Aug 2025
USD/CHF tumbles as Powell’s Jackson Hole remarks trigger US Dollar selloff
USD/CHF drops nearly 1% to 0.8000 after briefly hitting a two-week high earlier in the day.
Fed Chair Powell struck a cautious balance at Jackson Hole, reinforcing expectations for a September cut.
CME FedWatch pricing shows a 90% probability of a 25 bps September cut, up from around 70% earlier in the day.
The Swiss Franc (CHF) surges against the US Dollar (USD) on Friday after Federal Reserve (Fed) Chair Jerome Powell’s remarks at the Jackson Hole Symposium triggered a broad-based Greenback selloff. At the time of writing, USD/CHF is trading near 0.8003, down almost 1% on the day after briefly touching 0.8104, its highest level in nearly two weeks, before reversing to its lowest in around three and a half weeks.
