USD/CHF depreciates to 0.8150 on easing tensions
The US Dollar (USD) declined on easing geopolitical tensions following a pause in military hostilities between the US and Iran.
The pair loses ground after five days of losses, with the USD/CHF trading around 0.8150 during Asian hours.
Market participants remain cautious about potential supply disruptions, with traders expecting the Federal Reserve to hold interest rates steady on Wednesday.
The 10-year Swiss yield dropped near 0.46%, which may weigh on the Swiss Franc (CHF) and cause the USD/CHF pair to rebound.