USD/CHF remains above 0.7800 as US Dollar gains on risk-off mood

USD/CHF traded around 0.7820 in Asian hours after posting a 1.25% decline the previous day, with the US dollar regaining ground on safe-haven demand amid heightened Middle East tensions. Bloomberg reports that President Trump said the naval blockade of Iranian ports would continue, keeping risk-off sentiment elevated. US macro releases were mixed: the PCE Price Index rose to 3.5% in March (monthly +0.7%) and core PCE advanced 3.2% YoY, while Q1 GDP annualized growth came in at 2.0% versus a 2.3% forecast. On the Swiss side, the KOF leading indicator beat expectations, signaling some resilience in Switzerland. Overall, the combination of geopolitical risk and US inflation data supported the dollar and underpinned USD/CHF’s modest upside, though markets remain cautious given policy and growth data implications.