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fxAug 19, 2026, 6:55 PM

USD/CHF Drops Nearly 2% as Treasury Buyback Sends Dollar Lower

USD/CHF fell almost 2% on Wednesday after a US Treasury buyback announcement pressured the dollar and Treasury yields.

USDCHF

USD/CHF tumbled nearly 2% on Wednesday, trading around 0.7979 after reaching a high earlier in the session.

The move came after a US Treasury announcement of a buyback sent the dollar into a tailspin and Treasury yields also declined.

The pair tested its 100-day simple moving average during the drop.

Source: FXStreet Forex News