Swiss Franc regains traction as USD eases from intraday highs amid stalled US-Iran negotiations
The post Swiss Franc regains traction as USD eases from intraday highs amid stalled US-Iran negotiations appeared on BitcoinEthereumNews.com. The Swiss Franc (CHF) regains traction against the US Dollar (USD) on Monday, with USD/CHF pulling back after opening the week with a bullish gap as the Greenback gives up part of its earlier gains while traders continue to monitor developments in the Middle East. At the time of writing, the pair is trading around 0.7773 after touching an intraday high near 0.7795, though it remains up about 0.12% on the day. The pullback in USD/CHF appears largely technical in nature as traders partially fill the bullish opening gap. However, the US Dollar’s downside remains limited as fading hopes for a near-term resolution to the US-Iran conflict support safe-haven demand for the Greenback. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 97.88 after hitting an intraday high near 98.15. U