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fxJun 22, 2026, 7:42 PM

Swiss Franc Declines Against Dollar and Euro on Improved Risk Appetite

The Swiss Franc weakened against the US Dollar and the Euro on Monday as risk appetite improved following the start of US-Iran talks, which were viewed positively by the US Vice President.

USDCHFEURCHF

The Swiss Franc lost ground against the US Dollar and the Euro on Monday, driven by a pickup in risk appetite. The move coincided with the opening of US-Iran negotiations, which were described as constructive by the US Vice President.

The improved sentiment reduced demand for the safe-haven Swiss currency, providing some relief to the Swiss National Bank (SNB), which has historically intervened to curb Franc strength. The SNB has long viewed a weaker Franc as supportive for Swiss exports.

No specific levels were mentioned in the initial report, but the broad shift in market mood weighed on the Franc across the board. Traders will watch for further developments from the US-Iran talks in the coming days.

Source: FXStreet Forex News