The Swiss franc weakened against the U.S. dollar on Monday as the greenback steadied after last week’s sharp decline. The U.S. dollar index, which had fallen to its lowest level in months, found some support in early trading, lifting the USD/CHF pair and reversing part of the franc’s recent gains. The dollar’s earlier weakness followed softer U.S. economic data and increased expectations that the Federal Reserve could begin cutting interest rates sooner than previously anticipated. Markets are now taking a more cautious view and are looking to inflation data and Federal Reserve speeches for direction. The franc’s safe-haven status (demand during market stress) means it often strengthens during geopolitical uncertainty but can ease when risk appetite improves or the dollar stabilizes. The Swiss National Bank, or SNB (Switzerland’s central bank), has historically intervened to curb excessive franc appreciation because a stronger currency can hurt Swiss exporters. No recent intervention has been confirmed, although traders remain alert to possible SNB action. Investors and foreign-exchange traders are monitoring economic data, central-bank communications and global risk sentiment because unexpected developments could renew volatility.