USD/CHF nears multi-year lows, Fed dovish tilt weighs on US Dollar

  • The Swiss Franc (CHF) trades stronger against the US Dollar (USD) on Tuesday, building on Monday's gains amid a broadly weaker Greenback as geopolitical tensions ease following a ceasefire agreement between Iran and Israel. While the ceasefire has been declared and generally accepted, the situation remains fragile and highly tense, with both Iran and Israel accusing each other of violating the truce.