Swiss Franc Falls Against USD for Fifth Day, Rises vs Euro
The Swiss Franc weakened for a fifth consecutive session against the US dollar, falling 0.15%, as risk appetite deteriorated amid the AI sell-off and expectations of a Fed rate hike later this year. Meanwhile, the franc gained ground against the euro.
The Swiss franc extended its losing streak against the US dollar for a fifth straight day, declining 0.15% in mixed trade.
Risk appetite soured as the AI rout continued, while markets priced in the possibility that the Federal Reserve could raise interest rates later this year. These factors weighed on the franc versus the greenback.
In contrast, the franc climbed against the euro, though no specific catalyst was cited in the brief report.
Traders now watch for further guidance from the Fed and broader risk sentiment to gauge next moves in USD/CHF and EUR/CHF.
Source: FXStreet Forex News