The USD/CHF pair remains depressed for the second straight day and drops to over a one-week low during the Asian session on Tuesday amid a broadly weaker US Dollar (USD). Spot prices, however, lack follow-through selling and manage to hold above the 0.8100 mark.
The USD/CHF advances for the fourth straight day after the Federal Reserve’s (Fed) decision to hold rates unchanged, though they are still eyeing two rate cuts in 2025. This, along with US President Trump's remarks that he’s open to Iran talks, boosted the Dollar.
The USD/CHF pair softens to around 0.8135 during the early European session on Tuesday. The persistent geopolitical risks in the Middle East provide some support to the Swiss Franc (CHF) against the US Dollar (USD). Traders brace for the US Retail Sales data for May, which is due later on Tuesday.