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Swiss franc weakens as dollar rises on safe-haven demand
USD/CHF climbed to about 0.8100 for a second straight day as escalating US-Iran strikes boosted oil prices and inflation-rate expectations ahead of US CPI.
The Swiss franc weakened against the US dollar, with USD/CHF gaining ground for a second consecutive day and trading around 0.8100 during Asian hours Monday, FXStreet said.
The move is tied to higher safe-haven demand for the dollar amid renewed Middle East tensions, after additional US strikes were reported over the weekend and conflicting statements emerged about whether a key strait remains open to maritime traffic, according to Bloomberg and Reuters as cited by FXStreet.
FXStreet also pointed to the dollar being supported by escalating US-Iran missile strikes that pushed oil higher, which in turn stoked concerns about inflation and the potential for higher Federal Reserve interest rates. The focus then shifts to Tuesday’s US CPI data, with headline CPI expected to fall 0.1% month over month in June and core CPI projected to rise 0.3%.
On the Swiss side, FXStreet said Switzerland’s consumer confidence index fell to -36 in June 2026 from -32 a year earlier, and with Swiss inflation described as contained, the Swiss National Bank is seen as facing little pressure to raise rates. The report added that weak Swiss data could keep the door open for rate cuts or intervention aimed at weakening the franc, which would reduce the currency’s appeal to yield seeking investors.