Rising Middle East tensions and stronger US jobs data lift USD/CHF to 0.8000, fueling expectations of a Fed rate increase by year-end.
The US Dollar climbed to a two-month high against the Swiss Franc, trading near 0.8000 as risk aversion and Federal Reserve rate hike expectations drove demand. Escalating Middle East conflicts and a $5 rise in oil prices amplified safe-haven flows into the USD.
Recent US economic data, including a robust Nonfarm Payrolls report, reinforced expectations of Fed tightening. The CME Group’s Fed Watch Tool now shows a 70% probability of a rate hike by year-end, up from 13% a month ago.
Technical indicators support further gains, with USD/CHF breaking trendline resistance and the RSI near 65. Analysts target the 0.8000 psychological level as bullish momentum builds.