The US Dollar showed strength against the Swiss Franc and Australian Dollar at the start of the week. According to FX Street, the USD/CHF pair ended a two-day losing streak, supported by broad USD strength and the interest rate gap between the Federal Reserve and the Swiss National Bank.
Meanwhile, the AUD/USD traded near 0.6965 on Monday, slipping 0.24% after losing earlier gains, as reported by FX Street. The dollar's resilience is attributed to the Federal Reserve's hawkish stance and ongoing geopolitical tensions, including concerns related to Iran.
For Japanese investors, the USD's firm position against major currencies could influence FX strategies, especially given Japan's sensitivity to shifts in US monetary policy and global risk factors.