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Swiss franc rebounds versus dollar after three-day USD/CHF slide

USD/CHF was around 0.8136 after failing to break above the prior yearly high near 0.8152, as the dollar weakened on geopolitical risk and markets looked ahead to the Fed.

Reported · Written up by our desk · Major Pairs

FXStreet reports the Swiss franc gained ground versus the US dollar after a three-day losing streak, with the USD/CHF pair correcting to around 0.8136.

The move followed a period where USD/CHF struggled to extend its advance beyond a yearly high near 0.8152. FXStreet also linked the franc's slight bid to a broader dollar correction, even as concerns about a prolonged US-Iran conflict intensified.

At the same time, FXStreet said the US Dollar Index, which tracks the greenback against six major currencies, was about 0.13% lower near 101.00. The article also pointed to rising oil prices tied to escalation in the Middle East, which could add uncertainty to the Federal Reserve's monetary policy path.

Looking ahead, FXStreet identified the next major catalyst for the dollar as the Fed’s monetary policy announcement next week, when the central bank is expected to leave interest rates unchanged.

Latest closeDollar index 101.12 ▼0.1%

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