USD/CHF retraces below 0.8100 as US Dollar weakens on peace deal hopes

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The USD/CHF pair declined on Tuesday, falling 0.16% to trade below the 0.8100 level. The US Dollar weakened amid improved risk appetite, driven by renewed hopes of a US-Israel peace deal that could open the Strait of Hormuz. The pair's break of a trendline puts the 50-day simple moving average in focus.

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