Swiss Franc Strengthens as Weak US Data Dampens Fed Hike Bets

The franc gained ground against the greenback, with USD/CHF dipping to around 0.8078, a decline of roughly 0.18% on the day.

Weaker-than-expected U.S. data releases weighed on the dollar, reducing market conviction that the Federal Reserve will maintain its aggressive rate hike path. This shift provided a tailwind for the Swiss currency.

Traders are also closely monitoring diplomatic and logistical efforts to reopen the Strait of Hormuz, a key chokepoint for global energy shipments, adding a layer of geopolitical unease to the session.