USD/CHF Rebound on Safe-Haven Demand Amid US-Iran Tensions
The USD/CHF currency pair rose on Thursday as investors sought safe-haven assets due to rising US-Iran tensions and concerns about energy-driven inflation.
The pair rebounded above the mid-0.8100s after bouncing from a one-week low near the 0.8200 area, despite the lack of new hawkish signals from the Federal Reserve.
Traders are focused on upcoming US data, including Advance Q2 GDP and the PCE Price Index, for policy guidance as market participants assign a higher probability to at least one additional interest rate increase by the end of the year.