Safe-haven demand for the Swiss Franc outweighs stronger US consumer sentiment data, pressuring the currency pair.
USD/CHF fell 0.22% to around 0.8070 on Friday as geopolitical tensions in the Middle East boosted demand for the Swiss Franc. The decline reflects investors favoring the Franc’s safety despite upbeat US economic data.
Earlier, US consumer sentiment data exceeded expectations, typically supportive of the US Dollar. However, escalating Middle East risks overshadowed the positive print, keeping the Franc resilient.
The pair remains under pressure as markets weigh geopolitical risks against economic fundamentals.