- April 15, 2026
- Posted by: EWGFX
- Category: news
USD/CHF trades vulnerably around 0.7800 as the US Dollar underperforms across the board.
US President Trump expresses confidence that the war with Iran is close to an end.
The US and Iran are expected to resume talks soon.
The USD/CHF pair trades flat around 0.7812 during the late Asian trading session on Wednesday, but is still close to its monthly low of 0.7790 posted the previous day. The Swiss Franc pair faces selling pressure as the US Dollar (USD) underperforms its peers amid optimism that the United States (US) and Iran could reach a permanent ceasefire soon.
During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, ticks higher to near 98.15, but is still close to its almost seven-week low of 98.00.
The optimism over the US-Iran permanent ceasefire is backed by positive commentary from US President Donald Trump, in an interview with Fox Business earlier in the day, that the war with Iran is close to an end. “I think it’s close to over, yeah. I view it as very close to being over,” Trump said. He also said to The New York Post on Tuesday that negotiations with Iran could resume in Pakistan in the next two days.
US Vice President (VP) JD Vance also said in a public event that talks with Iran are taking place via channels including Pakistan, will continue, as “both sides work toward a deal”.
Meanwhile, traders are no longer pricing in interest rate hikes by the Federal Reserve (Fed) this year, as inflation expectations have de-anchored due to US-Iran optimism, a sharp turnaround from two hike projections seen in March after the war started.