Swiss Franc regains traction as USD eases from intraday highs amid stalled US-Iran negotiations
The Swiss Franc (CHF) regains traction against the US Dollar (USD) on Monday, with USD/CHF pulling back after opening the week with a bullish gap as the Greenback gives up part of its earlier gains while traders continue to monitor developments in the Middle East.
The Swiss Franc is likely to strengthen further against the US Dollar as traders react to the easing of USD gains. Continued uncertainty in the Middle East may lead to increased demand for safe-haven currencies like CHF.
The Swiss Franc (CHF) regains traction against the US Dollar (USD) on Monday, with USD/CHF pulling back after opening the week with a bullish gap as the Greenback gives up part of its earlier gains while traders continue to monitor developments in the Middle East.
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