USD/CHF weakens amid renewed US-Iran negotiations ahead of FOMC Minutes

The USD/CHF drops toward the 0.7875 region on Wednesday as the US Dollar (USD) loses footing amid improving market sentiment linked to renewed US-Iran negotiations.
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Gold rallies as Fed minutes flag hikes, US Dollar slides

Gold (XAU/USD) finds bids and edges higher during the North American session on Wednesday after the Federal Reserve’s (Fed) last meeting minutes showed that most officials favored laying the groundwork for a rate hike. At the time of writing, the XAU/USD pair trades at $4,530, up by 1%.
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