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fxJun 24, 2026, 3:29 AM

Swiss Franc Slips to Seven-Month Low as USD/CHF Hits 0.8107

USD/CHF extended its rally for a sixth straight session, climbing to a seven-month high of 0.8107 during Asian trading on Wednesday as a stronger US dollar weighed on the Swiss franc amid ongoing Middle East tensions.

USDCHF

The Swiss franc weakened to its lowest level in seven months against the US dollar, with USD/CHF reaching 0.8107 during Asian hours on Wednesday. This marks the sixth consecutive day of gains for the pair.

The move is driven by broad US dollar strength, which is finding support from heightened geopolitical risks in the Middle East. The ZEW Survey Expectations for Switzerland, due later today, may provide further direction for the pair.

Traders are watching the 0.8100 level closely, with the pair now trading at levels not seen since early 2023.

Source: FXStreet Forex News