Dollar Rebounds Against Swiss Franc Amid Oil Price Surge
The US Dollar has rebounded against the Swiss Franc, pushing the USD/CHF pair up to near 0.8116 in early European trading on Tuesday.
This move comes as oil prices surge to a two-week high of $84.50, with President Donald Trump confirming that there will be no renewal of the US-Iran ceasefire.
As a result, traders may raise their bets on a hawkish Federal Reserve interest rate hike in September.