USD/CHF rises for fifth day amid Middle East conflict
The USD/CHF pair continues its winning streak, trading around 0.8170 during Asian hours.
The US Dollar pares its daily losses due to rising safe-haven demand caused by escalating conflicts in the Middle East.
Money markets are currently pricing in a 35.8% chance of a Fed rate hike this month, alongside an 82.1% probability of at least a quarter-point hike in September.
The Swiss Franc could receive support as Switzerland’s 10-year government bond yield rose near a two-month high of roughly 0.52%.