CHF holds losses below 0.8100 amid firm Fed rate hike bets
The Swiss Franc has held onto Monday’s losses against the US Dollar, trading around 0.8088.
The CHF is under pressure due to the USD’s outperformance, driven by expectations of a Fed interest rate hike this year.
The US Dollar Index has risen to around 101.05, its highest level in over a year, with Fed rate hike odds at almost 87%.