USD/CHF steadies above 0.8250 as SNB Chairman flags concern over strong Swiss Franc and low inflation

  • The Swiss Franc (CHF) is moving sideways against the US Dollar (USD) on Wednesday, with the USD/CHF pair hovering near the previous day's high after a solid almost 1% climb driven by renewed US Dollar strength. At the time of writing, the USD/CHF pair is trading slightly lower from intraday highs but maintains a foothold above the key 0.8250 psychological mark, last seen around 0.8275 during the European session.