USD/CHF trades around 0.8110 amid rising safe-haven demand
The US Dollar receives support from rising safe-haven demand amid ongoing hostilities between the US and Iran.
The pair appreciates as oil prices rise, reviving concerns about inflation and interest rate hikes.
Markets price in 64.2% odds of a September Fed rate hike, compared to 57.8% a day earlier, according to the CME FedWatch Tool.