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fxJul 16, 2026, 3:27 PM

Swiss Franc Weakens as Middle East Tensions Support Fed Rate Hike Bets

The Swiss Franc fell against the US Dollar on Thursday as geopolitical tensions persisted and the Greenback rebounded. USD/CHF traded around 0.8080, up 0.35% on the day.

USDCHF

The Swiss Franc weakened against the US Dollar on Thursday, with the greenback recovering after a two-day decline. USD/CHF traded near 0.8080, gaining roughly 0.35% on the day and bouncing from earlier lows.

The move was attributed to ongoing Middle East tensions that kept expectations for a Federal Reserve rate hike alive, supporting the dollar. The safe-haven Swiss Franc lost ground as risk sentiment shifted.

No additional details were provided beyond the intraday rebound and the underlying geopolitical and monetary policy drivers.

Source: FXStreet Forex News