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fxJun 15, 2026, 6:18 AM

USD/CHF Slumps to 0.7930 as US-Iran Peace Deal Weakens Dollar

The Swiss franc strengthened against the US dollar on Monday, pushing USD/CHF to 0.7930, its lowest since June 5, after the US and Iran announced a framework peace deal.

USDCHF

The USD/CHF pair fell to near 0.7930 during early European trading on Monday, marking its lowest level since June 5. The decline came as the US dollar weakened broadly following a joint announcement by the US and Iran of a framework agreement for peace.

The deal, which was announced over the weekend, has reduced demand for the safe-haven dollar while boosting the Swiss franc, another traditional safe-haven currency. Market participants are now focusing on the details of the agreement and its implications for global oil supply and geopolitical risk premiums.

Technical analysts note that a sustained break below 0.7930 could open the door to further losses toward the 0.7900 handle, while resistance is seen near 0.7970.

Source: FXStreet Forex News