Swiss Franc Strong as Conflict Between USA & Iran Heats Up

The Swiss franc was generally strong today as tensions between the United States and Iran continued to escalate.
Yesterday, Iran shot down a US drone. The USA were planning to attack in response today, but US President Donald Trump called off the attack 10 minutes before the start. He twitted:

….On Monday they shot down an unmanned drone flying in International Waters. We were cocked & loaded to retaliate last night on 3 different sights when I asked, how many will die. 150 people, sir, was the answer from a General. 10 minutes before the strike I stopped it, not….

— Donald J. Trump (@realDonaldTrump) June 21, 2019

USD/CHF declined from 0.9815 to 0.9781 as of 16:08 GMT today, retreating from the daily maximum of 0.9838 and trading near the lowest level since January 10. CHF/JPY gained from 109.28 to 109.95.

If you have any questions, comments, or opinions regarding the Swiss Franc, feel free to post them using the commentary form below.

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