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fxAug 13, 2026, 4:48 AM

USD/CHF Hits Two-Week High as Oil-Driven Fed Bets Lift Dollar

USD/CHF extended its weekly advance for a fourth straight session, reaching around 0.8045 as a firmer US dollar drew support from oil-driven Federal Reserve rate-hike expectations.

USDCHF

The pair climbed to a two-week high during Asian trading on Thursday, marking the fourth consecutive day of gains for the current week.

Traders attributed the move to a stronger US dollar, with oil-driven Fed rate-hike expectations supporting the greenback. The fundamental backdrop was described as favoring bulls and supporting the case for further appreciation in spot.

No additional details were provided in the update.

Source: FXStreet Forex News