USD/CHF hangs near two-week low, around 0.7900 as US-Iran ceasefire triggers USD sell-off
The USD/CHF pair attracts heavy selling during the Asian session on Wednesday and dives to a two-week low amid a broadly weaker US Dollar (USD).
  • USD/CHF comes under intense selling pressure as the US-Iran ceasefire prompts aggressive USD selling.
  • Tumbling Oil prices ease inflationary concerns, tempering rate hike bets and undermining the buck.
  • Bears now await a sustained break and acceptance below the 100-day SMA before placing fresh bets.

The USD/CHF pair attracts heavy selling during the Asian session on Wednesday and dives to a two-week low amid a broadly weaker US Dollar (USD). Spot prices currently trade just above the 0.7900 mark, with bears now awaiting a sustained break and acceptance below the 100-day Simple Moving Average (SMA) support before positioning for further losses.

The USD Index (DXY), which tracks the Greenback against a basket of currencies, dives to a nearly one-month low in reaction to the news that the US and Iran have agreed to a ceasefire. US President Donald Trump announced in a Truth Social post that he will suspend planned military strikes against Iran for two weeks, provided Tehran agrees to a complete, immediate, and safe opening of the Strait of Hormuz.

Adding to this, Iran’s Foreign Minister, Seyed Aragchi, said in a statement that the US had accepted the general framework of a 10-point proposal, and that Tehran will cease its defensive operations if attacks against the country are halted. This, in turn, boosts investors' confidence and triggers a fresh wave of the global risk-on trade, undermining the USD's reserve currency status and weighing on the USD/CHF pair.

Meanwhile, the positive development leads to a steep decline in Crude Oil prices, which helps ease market concerns about the war-driven surge in inflationary pressures and tempers Federal Reserve (Fed) rate hike bets. This is evident from declining US Treasury bond yields, though reports that Iranian attacks continue in the Middle East and on Israel help limit further losses for the Greenback and the USD/CHF pair.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.68% -0.71% -0.57% -0.28% -1.14% -1.00% -0.83%
EUR 0.68% -0.04% 0.09% 0.40% -0.46% -0.36% -0.16%
GBP 0.71% 0.04% 0.13% 0.44% -0.40% -0.29% -0.13%
JPY 0.57% -0.09% -0.13% 0.30% -0.54% -0.41% -0.24%
CAD 0.28% -0.40% -0.44% -0.30% -0.83% -0.70% -0.55%
AUD 1.14% 0.46% 0.40% 0.54% 0.83% 0.12% 0.28%
NZD 1.00% 0.36% 0.29% 0.41% 0.70% -0.12% 0.17%
CHF 0.83% 0.16% 0.13% 0.24% 0.55% -0.28% -0.17%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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Name / Symbol
Diagramm
% Änderung / Preis
GBPUSD
1 T Änderung
+0%
0
EURUSD
1 T Änderung
+0%
0
USDJPY
1 T Änderung
+0%
0

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