June Swiss Franc futures rallied amid Middle East tensions.

Bob Iaccino examines the recent performance of June Swiss Franc futures, which posted a third consecutive higher close after triggering a double bottom reversal pattern. The Swiss franc saw a 2.28% upward move from recent lows, bolstered by March inflation data accelerating to 0.3% year-over-year. Concurrently, the Swiss National Bank indicated a preference for direct foreign exchange intervention over a return to negative interest rates to manage excessive currency appreciation. Continued safe-haven demand, driven by geopolitical developments involving the U.S. and Iran, also contributed to the franc's bid against the U.S. dollar.