Swiss Franc Hits 16-month Low
The Swiss Franc touched 0.84 against the USD, the lowest since May 2025. Over the past 4 weeks, US Dollar Swiss Franc gained 3.4%, and in the last 12 months, it increased 4.82%.
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The Swiss Franc touched 0.84 against the USD, the lowest since May 2025. Over the past 4 weeks, US Dollar Swiss Franc gained 3.4%, and in the last 12 months, it increased 4.82%.
The euro and Swiss franc fell to 16-month lows against the dollar, while the benchmark 10-year Treasury yield settled above 5% after touching its highest since June 2007. The Australian dollar weakened after the Reserve Bank of Australia raised rates as expected.
1127 GMT - The Swiss franc faces further losses as it hits a 16-month low against the dollar and a one-week low versus the euro, ING's Francesco Pesole says in a note. The market is fully pricing an interest-rate rise by the Swiss National Bank by March but this looks unlikely, he says. The SNB hel…