The Swiss Franc strengthens as the US Dollar weakens following Federal Reserve policy divisions and escalating geopolitical risks.
USD/CHF declined for a second straight day, trading at 0.8065 and down 0.15% on Thursday. The Swiss Franc gained ground as the US Dollar weakened after the latest Federal Reserve meeting revealed divisions among policymakers.
The pair has extended losses amid rising US-Iran tensions, adding to safe-haven demand for the Franc. Earlier, USD/CHF hovered near 0.8100 before the Fed minutes release, which highlighted uncertainty over future rate cuts.
Markets are assessing the Fed’s cautious stance alongside geopolitical risks, weighing on the Dollar’s performance against the Franc.