Safe Haven Demand Drives USD/CHF to Two-Month Low
The USD/CHF currency pair continues its downward trend, now reaching around 0.8070 during the Asian trading session. This decline marks the third consecutive session of losses for the pair, having touched a two-month low at 0.8056. The Swiss Franc (CHF) gains strength as investors flock to safe-haven assets amid escalating tensions in the Middle East. The rising geopolitical risks are causing a shift in market sentiment, leading to increased demand for currencies deemed safer.