USD/CHF steady as Swiss consumer confidence improves to -34

USD/CHF remains unchanged at 0.8815 following Switzerland's November SECO consumer confidence data, which improved to -34 from October's -37, matching market expectations. The index has remained deeply negative since 2022 but continues its gradual recovery from the October 2023 trough of -52.5. The marginal improvement in consumer sentiment reflects ongoing economic challenges in Switzerland, though conditions are slowly stabilizing. The Swiss National Bank (SNB) is not expected to alter its monetary policy stance in the near term, maintaining its current interest rate levels. Technical analysis shows USD/CHF trading within a narrow range, with immediate resistance at 0.8850 and support at 0.8780. The lack of market reaction to this data release underscores its limited impact on forex trading decisions, with traders focusing more on major central bank policies and global risk sentiment for directional cues in the Swiss franc pairs.