How USD/CHF reacts to macro news
USD/CHF moves 4.7× a normal hour after FOMC; 74% of releases give it a top-10% hour.
USD/CHF has data for 826 scheduled macro releases across 10 event types. The biggest typical +1h move (median size, either direction) came after FOMC rate decision (±0.28%, 4.7× a normal hour), the smallest after UK Consumer Price Index (CPI) (±0.07%, 0.9× a normal hour).
Next release that moves USD/CHF: Bank of England rate decision,
Smaller sample: our USD/CHF history starts on 1 Jan 2021, when Kraken trading in USD/CHF became continuous, so it covers fewer releases than the coins we track from 2017.
Currency moves are shown in pips as well as %. A pip is 0.0001 of the price; pip figures use the latest USD/CHF price, so they are a guide to size, not exact for older releases.
Data: Kraken. USD/CHF prices are Kraken spot USD/CHF 5-minute and hourly candles from 1 Jan 2021 (when Kraken trading in USD/CHF became continuous). One exchange for the whole history, so no figures mix sources. Sources.
Every event, ranked by how much it moves USD/CHF
Ranked by the move multiple: the median move after a release vs a matched normal hour. "Top-10%" is how often a release gives a move bigger than 90% of normal ones (10% would be no different from normal). Impact is the event's site-wide rating (see methodology). Typical move sizes by window follow (median absolute move, either direction). Click a column to sort; click an event for every release.
| Event | × normal | Top-10% | Impact | +5m | +1h | +4h | +24h | % up +1h | ReleasesRel. |
|---|---|---|---|---|---|---|---|---|---|
| FOMC rate decision | 4.7× | 74% | High | 0.15% · 12 pips | 0.28% · 23 pips | 0.36% · 30 pips | 0.75% · 62 pips | 40% | 47 |
| US Nonfarm Payrolls (NFP) | 3.5× | 52% | High | 0.20% · 17 pips | 0.26% · 21 pips | 0.29% · 24 pips | 0.28% · 23 pips | 48% | 69 |
| US Consumer Price Index (CPI) | 2.6× | 44% | High | 0.14% · 12 pips | 0.21% · 17 pips | 0.23% · 19 pips | 0.35% · 29 pips | 46% | 69 |
| US GDP (advance estimate) | 1.8× | 33% | Medium | 0.11% · 9 pips | 0.14% · 12 pips | 0.25% · 21 pips | 0.37% · 30 pips | 54% | 24 |
| US retail sales | 1.6× | 24% | Low | 0.08% · 7 pips | 0.11% · 9 pips | 0.18% · 15 pips | 0.32% · 27 pips | 57% | 68 |
| US initial jobless claims | 1.6× | 18% | Medium | 0.06% · 5 pips | 0.10% · 8 pips | 0.19% · 16 pips | 0.29% · 24 pips | 52% | 297 |
| US Producer Price Index (PPI) | 1.4× | 14% | Medium | 0.06% · 5 pips | 0.13% · 11 pips | 0.19% · 15 pips | 0.29% · 24 pips | 45% | 69 |
| Bank of England rate decision | 1.3× | 13% | Low | 0.02% · 2 pips | 0.08% · 7 pips | 0.18% · 15 pips | 0.30% · 25 pips | 52% | 46 |
| US PCE inflation (Personal Income and Outlays) | 1.0× | 16% | Medium | 0.07% · 5 pips | 0.13% · 11 pips | 0.21% · 17 pips | 0.24% · 19 pips | 44% | 68 |
| UK Consumer Price Index (CPI) | 0.9× | 12% | Low | 0.03% · 2 pips | 0.07% · 6 pips | 0.14% · 12 pips | 0.34% · 28 pips | 57% | 69 |
Past releases, not a forecast. Typical sizes hide big differences between individual releases; open an event to see them all.
Recaps where USD/CHF moved most
Event recaps ranked by the size of USD/CHF's first-hour move. All event recaps →
- US CPI · 10 Nov 2022 -1.51%
- US CPI · 13 Dec 2022 -1.10%
- FOMC · 13 Dec 2023 -0.87%
- US CPI · 13 Sep 2022 +0.87%
- FOMC · 4 May 2022 -0.84%