The pair falls after Fed minutes fail to reassure investors on inflation progress, despite geopolitical tensions lifting oil prices.
The US Dollar declined against the Swiss Franc on Thursday, with USD/CHF dropping to near 0.8050 after failing to hold above 0.8100. The retreat follows Wednesday’s Federal Reserve minutes, which left markets unimpressed by the central bank’s inflation-fighting resolve, triggering broad Dollar selling.
The Dollar Index (DXY) slipped below 101.00, testing weekly lows, while the Swiss Franc found modest support. Geopolitical risks, including reciprocal US-Iran attacks and a 10% surge in oil prices, failed to bolster the safe-haven Dollar as investors bet on renewed negotiations between Washington and Tehran.
Technical indicators signal a bearish correction, with the pair printing a lower high at 0.8108. Momentum tools, including the RSI and MACD, suggest weakening upside pressure, reinforcing the downside bias from June’s highs.