Swiss Franc Gains as Tensions Between US and Iran Ease
The Swiss Franc gained against the US Dollar on Monday as geopolitical tensions eased following a pause in military hostilities between the United States and Iran.
The USD/CHF pair traded around 0.8150 during Asian hours, marking its sixth consecutive daily loss.
Market participants expected the Federal Reserve to keep interest rates unchanged at its upcoming meeting on Wednesday, with potential hikes in September.