The pair climbs to 0.7840 amid Middle East tensions and mixed signals on a US-Iran ceasefire extension.
USD/CHF traded near 0.7840 in Asian hours Friday, recovering from earlier losses as geopolitical uncertainty supported the US Dollar. Lingering Middle East risks and cautious remarks from US officials offset optimism over a potential 60-day ceasefire extension between Washington and Tehran.
Switzerland’s stronger-than-expected economic data provided temporary support for the Swiss Franc, but concerns over global inflationary pressures kept traders wary. Analysts warned unresolved conflicts could push US Treasury yields higher, prompting a more hawkish Federal Reserve stance.
Markets remained cautious after Vice President JD Vance indicated a final deal with Iran was not yet secured, despite progress. The potential agreement includes clearing maritime mines from the Strait of Hormuz within 30 days.