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USD/CHF continues to lose ground on the back of the Middle East situation and dovish sentiment surrounding the US Federal Reserve’s (Fed) interest rates trajectory in 2024.
In Tuesday's session, the USD/CHF plunged to fresh multi-month lows of 0.8610, marking a 0.70% daily decline.
The Swiss Franc (CHF) traded overall higher on Monday due to safe-haven demand as sentiment soured on global trade fears sparked by the Middle East geopolitical tensions.
In Monday's session, the USD/CHF pair dictated a bearish trail, having losses as it traded near the 0.8680 level.
USD/CHF moves on a downward trajectory for the fifth successive day, trading around 0.8661 during the Asian session on Friday.