Geopolitical tensions in the Middle East and stalled US-Iran talks lift the USD, pushing USD/CHF to 0.7880.
The USD/CHF pair climbed to 0.7880 during Asian trading on Wednesday, marking its third consecutive day of gains. The Swiss Franc weakened as demand for the US Dollar surged amid heightened geopolitical risks.
Renewed tensions in the Middle East and stalled US-Iran negotiations fueled safe-haven flows into the USD. The pair has extended its rally after breaking key resistance levels earlier in the week.
No immediate market reaction was reported, but the trend reflects broader risk aversion in global markets.