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fxJun 18, 2026, 5:01 AM

Swiss Franc Gains Ahead of SNB Decision

USD/CHP fell to around 0.7985 as the Swiss franc strengthened, pressured by a US-Iran interim agreement that weighed on the US dollar.

USDCHF

The Swiss franc rose against the US dollar during early European trading, pushing USD/CHF to approximately 0.7985. The move comes ahead of the Swiss National Bank's upcoming rate decision. An interim agreement between the United States and Iran, effectively ending the Iran war, has weakened the greenback and supported the franc.

Source: FXStreet Forex News