Swiss Franc Gains as US-Iran Peace Deal Dents Safe-Haven Demand for USD

The Swiss Franc (CHF) rose against the US Dollar (USD) on Monday as the Greenback's safe-haven appeal faded following a peace deal between the United States and Iran, aimed at ending the conflict in the Middle East.

At the time of writing, USD/CHF was trading around 0.7923, down 0.60% on the session. The agreement reduced risk aversion, prompting traders to shift away from the traditional safe-haven dollar.