The pair climbed to 0.8107 amid Middle East uncertainties and ahead of Swiss ZEW Survey and SNB Quarterly Bulletin data.
USD/CHF rose to 0.8107, marking its sixth consecutive daily gain and reaching a seven-month high during Asian trading. The advance was driven by a stronger US dollar, fueled by escalating geopolitical risks in the Middle East.
Traders are now focused on Switzerland’s June ZEW Survey – Expectations and the Q2 SNB Quarterly Bulletin, both due later today. Earlier, US S&P Global Composite PMI for June exceeded expectations at 52.2, up from May’s 51.5, with manufacturing output surging to 55.7.
Market reaction remains cautious as investors weigh mixed signals from US-Iran negotiations and ongoing diplomatic efforts in the region.