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fxJun 10, 2026, 2:51 AM

USD/CHF Gains for Fourth Day as Safe-Haven Demand Boosts Dollar

USD/CHF extended its gains for the fourth consecutive session, trading around 0.7990 during Asian hours on Wednesday, as renewed Middle East concerns bolster safe-haven demand for the US Dollar.

USDCHF

The Swiss Franc remained subdued on Wednesday, with USD/CHF extending its winning streak to four sessions. The pair traded near 0.7990 during Asian hours, supported by cautious market sentiment.

Traders are adopting a risk-off stance amid escalating tensions in the Middle East, which has lifted demand for the US Dollar as a safe haven. This dynamic is providing upward pressure on the currency pair.

No immediate economic data releases from Switzerland or the US are expected to drive significant moves, with geopolitical developments likely remaining the primary catalyst in the near term.

Source: FXStreet Forex News