Geopolitical tensions between the US and Iran drive demand for the USD, weakening the CHF as the pair climbs for a fifth session.
The USD/CHF pair rose for a fifth consecutive day, trading near 0.8170 in Asian hours as the US Dollar (USD) regained strength. Escalating US-Iran tensions fueled safe-haven demand, supporting the greenback and pressuring the Swiss Franc (CHF).
The pair has appreciated steadily this week, reflecting broader risk aversion in global markets. Prior sessions saw the USD pare earlier losses, with investors monitoring geopolitical developments and their potential impact on currency flows.
No immediate market reaction data was provided, but the trend underscores the USD’s resilience amid heightened uncertainty.