The currency pair falls for a second day amid intervention speculation, testing key technical support at 0.8039.
The USD/CHF pair declined more than 1% for the second consecutive session, reaching a 10-day low of 0.8039. The move follows growing market speculation of foreign exchange intervention, which has bolstered the Japanese Yen and pressured the dollar against the Swiss franc.
The pair now hovers just above its 50-day Simple Moving Average (SMA), a key technical level that traders are watching closely. Earlier sessions saw the pair trading higher, but recent losses reflect shifting sentiment in the FX markets.
No immediate market reaction data was provided, but the retreat underscores heightened volatility in currency markets amid central bank policy uncertainties.