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fxJul 8, 2026, 3:10 AM

USD/CHF Extends Gains as US-Iran Tensions Boost Dollar

The Swiss franc weakened against the US dollar for a third straight day, with USD/CHF trading around 0.8090 during Asian hours on renewed geopolitical tensions between the US and Iran.

USDCHF

The US dollar continued its advance against the Swiss franc on Wednesday, pushing USD/CHF to around 0.8090 during the Asian session. This marks the third consecutive day of gains for the pair.

The greenback found support from safe-haven demand as geopolitical risks resurfaced with renewed tensions between the United States and Iran. The heightened uncertainty prompted investors to move into the dollar, putting pressure on the Swiss franc.

No specific economic data releases were cited in the report, leaving the pair's movement primarily driven by the geopolitical backdrop.

Source: FXStreet Forex News