USD/CHF falls as Swiss consumer sentiment beats expectations at -32.2

USD/CHF declined 0.2% to 0.9045 following Switzerland's better-than-expected consumer climate data for June, which came in at -32.2 versus -35.0 forecast and improving from the previous -36.5. The Swiss franc strengthened as the data showed consumer confidence recovering faster than anticipated, with indices for past financial situation, financial outlook, and major purchase intentions all higher than year-ago levels. Despite the economic outlook index remaining below 2024 levels, the overall improvement suggests stabilizing domestic conditions in Switzerland. The early release caught markets off-guard, triggering immediate CHF buying. Technical indicators show USD/CHF testing support at 0.9040, with further downside possible toward 0.9000 if the level breaks. The improving Swiss consumer sentiment reduces pressure on the Swiss National Bank to ease policy aggressively, potentially supporting the franc in coming sessions.