The dollar-franc rate approached 0.8200 on Oct. 22 as the Swiss franc and Japanese yen strengthened against the U.S. currency. A market snapshot from FXStreet showed USD/CHF down 0.46% for the day.
FXStreet recorded a low of 0.8191, below the pair’s 50-day simple moving average at 0.8193. By 3:32 p.m. ET (19:32 UTC), the rate had recovered to 0.8205, according to the outlet.
In its technical analysis, FXStreet marked 0.8250 as a level to clear, with 0.8300 next if the pair moved above it. The analysis identified 0.8134, the 100-day simple moving average, as support if the rate fell below 0.8193.
The European Central Bank’s Oct. 22 reference table listed the euro at $1.1205 and 0.9211 Swiss francs. Those rates produce a calculated USD/CHF cross near 0.8220; Oct. 21 rates yield about 0.8239. The daily crosses are reference benchmarks, not intraday spot prices.
MUFG Research said the franc and yen were the strongest-performing Group of 10 currencies overnight amid risk-off trading. It cited investor unease over AI-related investments, higher energy prices and widening French bond-yield spreads as factors behind the market mood.
A summary published Oct. 22 by the Swiss National Bank (SNB) said the franc had depreciated about 3% on a trade-weighted basis since June, with little safe-haven demand through the bank’s September assessment. The SNB left its policy rate at 0% in September, and its next monetary policy assessment is scheduled for Dec. 10.
The move brought USD/CHF close to 0.8200, a level United Overseas Bank (UOB) identified as possible over one to three weeks in an Oct. 19 forecast previously covered by EconoTimes.
