What does the US dollar 2025 slide mean for USDCHF?

It signals pressure on USDCHF as long as markets expect rate cuts in early 2026. If US inflation cools and the Fed turns more dovish, dollar weakness can persist. A surprise in inflation or a hawkish chair nominee could stabilize USDCHF and lift hedging costs.

How could Fed succession risk affect Swiss assets?

Leadership views shape the path of US rates. A chair focused on growth could extend the US dollar 2025 slide and support risk assets. A chair focused on inflation could slow cuts, firm the dollar, and tighten financial conditions, pressuring exporters with USD revenues and unhedged portfolios.

Are Trump crypto gains relevant to Swiss investors?

They highlight how politics, liquidity, and sentiment can drive digital assets when the dollar weakens. If the US dollar 2025 slide continues, risk appetite can rise. Keep crypto sizing small, diversify, and stress test for a quick dollar rebound that could reverse flows and valuations.

What is a simple hedging approach for Q1 2026?

Use natural hedges by pairing USD revenues with USD costs, then add forward contracts in staged tranches. Consider options for tail risks if pricing is fair. Revisit hedge ratios after each Fed and SNB decision to balance protection with cost during policy uncertainty.

Global Market Insights

January 2: Dollar’s 2025 Slide Puts Fed Succession Risk in Focus

ByHuzaifa Zahoor January 2, 2026January 2, 2026

The US dollar 2025 slide is front and center for Swiss investors on January 2. Reports indicate the greenback fell about 8.1 percent in 2025, its worst year since 2017. Q1 2026 direction now depends on the Fed path and the next chair. This matters for USDCHF, Swiss exporters with dollar sales, and cross asset moves. We explain what the US dollar 2025 slide means for CHF portfolios, how Fed succession risk could shift rates, and why crypto flows are in the mix.