USD/CHF holds minor losses near 0.8650 due to dovish Fed, rising Middle-East tensions – FXStreet

The USD/CHF pair is currently holding slight losses near the 0.8650 level. This is mainly due to the dovish stance taken by the Federal Reserve and increasing tensions in the Middle East. The Federal Reserve’s cautious approach to monetary policy has put pressure on the US dollar, leading to its decline against the Swiss franc. Additionally, rising tensions in the Middle East have added to the uncertainty in the market, causing investors to seek safe-haven assets like the Swiss franc. Overall, these factors have contributed to the minor losses seen in the USD/CHF pair.