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USD/CHF Extends Losses as US Dollar Weakens

Guavy AI Editorial Team
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USD/CHF extended its losses for the third consecutive day, trading around 0.8060 during Asian hours on Thursday.

The pair depreciated as US Dollar (USD) faced headwinds from declining safe-haven demand.

Market sentiment shifted following reports that Iran and Oman have reached an agreement on a shipping route through the Strait of Hormuz, boosting expectations for increased Middle Eastern energy flows.

Fed's Daly emphasized that tariffs had a clear impact on inflation but sees some evidence that this effect is beginning to fade, while noting technology investment is currently adding upward pressure on prices.

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