The USD/CHF pair builds on this week's solid rebound from the 0.7900 mark and gains strong follow-through positive traction for the third consecutive day on Friday.

The New Zealand Dollar (NZD) is showing the worst performance among major currencies on Friday, extending its decline against the US Dollar (USD) to 0.5724 lows so far, with the year-to-date low of 0.5781 coming closer.

Here is what you need to know on Friday, June 23:

The EUR/JPY cross loses traction to near 184.45 during the early European trading hours on Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid fears of currency intervention from Japanese authorities.

The EUR/USD pair trades in negative territory around 1.1425 during the early European trading hours on Friday. The uncertainty surrounding the US-Iran peace deal provides some support to a safe-haven currency such as the US Dollar (USD) and acts as a headwind for the major pair.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.

Silver price (XAG/USD) extends its losses for the third successive day, trading around $64.40 per troy ounce during the Asian hours on Friday. Silver prices fall as the traders price in the hawkish sentiment surrounding the Federal Reserve (Fed) policy outlook.

The USD/CHF rallies to a new yearly high of 0.8059, surpassing March’s 31 previous peak of 2026 at 0.8042 as the Greenback stages a recovery due to hawkish Fed policy expectations, which drove the pair to reach the ‘inverted head-and-shoulders,’ price target.

West Texas Intermediate (WTI) Oil declines to around $73.20 at the time of writing on Thursday, down 2.35% on the day, and hits its lowest level in more than three months as investors continue to price in the prospect of a lasting easing of tensions in the Middle East.