Forex
Dollar Weakness Fuels Multi-Month Low Against Franc as Fed Decision Looms
The US Dollar weakened against the Swiss Franc on Monday as tensions between the US and Iran temporarily eased, causing USD/CHF to hit a multi-month low around 0.8150.
Market participants are also waiting for Wednesday's Federal Reserve decision on interest rates, with some expecting a possible resumption of rate rises in September.
The recent drop in the Dollar's value offers an attractive entry point for bullish US Dollar options, according to VT Markets, which advises derivative traders to position for a rebound from its current low over the coming weeks.