ForexMedium•11 November 2026•
1 min read
USD/CHF Breaks Downtrend Following Strong U.S. Inflation Data
Key Facts
1The USD/CHF pair recorded a sharp rebound, breaking the downtrend observed throughout October.
2The dollar's ascent is driven by hot U.S. CPI data and rising bets on Federal Reserve rate hikes.
The USD/CHF currency pair recorded a sharp rebound, breaking the downtrend observed throughout October. According to forex.com, the dollar's ascent is driven by hot U.S. CPI data and rising bets on Federal Reserve rate hikes.
Economic data released on November 10, 2026, showed the U.S. monthly inflation rate at 0.4%, while the Super Core CPI reached 0.44%. In equity markets, StoneX Group Inc (SNEX) closed at $56.72 on November 10, 2026, after reaching a session high of $57.23.
Traders are looking ahead to the U.S. Initial Jobless Claims report scheduled for November 12, 2026, which may provide further insights into labor market strength and future monetary policy direction.