The pair climbs to seven-month highs amid tech sell-off and US-Iran deal uncertainties, fueling risk aversion.
The US Dollar (USD) rose to 0.8115 against the Swiss Franc (CHF) Wednesday, extending a six-day rally as safe-haven demand surged. The move follows a sharp sell-off in tech stocks and growing tensions over the US-Iran peace deal, which has delayed nuclear inspections and clouded the reopening of the Strait of Hormuz.
USD/CHF broke above the late November 2025 high of 0.8100, nearing last year’s peaks at 0.8124 and 0.8132. Momentum indicators suggest the rally may be overstretched, with the 14-period RSI at 74 and the MACD turning slightly negative.
Later today, Switzerland’s Economic Expectations Survey and US May New Home Sales data will provide further direction, though Thursday’s PCE Price Index remains the week’s key focus.