USDCHF Weakens Below 13700 Amid Escalating Middle East Tensions
During early Asian trading hours, the USD/CHF pair softened, dipping to around 1.3690. This marked the end of its three-day winning streak and indicated a demand shift for the Swiss Franc (CHF), traditionally viewed as a safe-haven currency. Concerns about the U.S. possibly becoming more involved in the Middle East conflict are driving investors towards safer assets. Traders must stay abreast of geopolitical developments to gauge potential currency movements in this context. Can USDCHF recover its footing in this turbulent landscape?