US inflation slowed year-over-year for the second consecutive month, reducing immediate pressure on the Federal Reserve to hike interest rates, according to FX Street. This development has contributed to a firm US dollar, which pushed the USD/CHF pair to a two-week high near 0.8045 during Thursday’s Asian session.
Meanwhile, the EUR/USD currency pair remained steady around 1.1520 in early European trading hours, holding just below the 100-day simple moving average. FX Street noted the USD/CHF’s weekly uptrend has now extended for the fourth consecutive day, reflecting sustained demand for the greenback against the Swiss franc.
For Japanese investors, these FX movements highlight the ongoing influence of US monetary policy signals on global currency markets, particularly as the yen faces volatility amid shifting USD strength and inflation trends.