Swiss Franc Holds Losses as US-Iran Tensions Boost Dollar

The Swiss Franc (CHF) edged lower against the US Dollar (USD) on Wednesday, extending losses as escalating US-Iran tensions bolstered demand for the greenback. The pair traded near multi-week highs for the dollar, with CHF slipping roughly 0.7% on the day.

Market participants focused on geopolitical risks after fresh rhetoric between Washington and Tehran, which typically supports safe-haven currencies like the USD. The franc's decline highlights the dollar's relative strength in the current risk-off environment.