Swiss Franc Rebounds From One-Year Low

2026-06-26 15:49 By Larissa Caser 1 min. read

The Swiss franc strengthened to around $0.807 against a weaker dollar, rebounding from a one-year low of $0.81227 hit on June 24, as sliding oil prices tempered Federal Reserve rate hike bets.

Despite gaining ground, the franc remains 4.8% weaker than before the Middle East conflict, and a potential peace deal could further reduce haven demand.

The Swiss National Bank kept its policy rate unchanged at 0% for a fourth consecutive meeting, maintaining that the current stance remains consistent with price stability and economic growth.

However, the SNB revised its inflation outlook higher and reiterated its willingness to intervene in foreign exchange markets if needed.

Meanwhile, the International Monetary Fund reported that Swiss economic growth will slow to 1.1% in 2026 amid weak external demand and tariff uncertainties.

The Swiss government also trimmed its own 2026 domestic growth forecast to 0.9%, citing the dampening effects of recent energy price spikes.



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Swiss Franc Rebounds From One-Year Low
The Swiss franc strengthened to around $0.807 against a weaker dollar, rebounding from a one-year low of $0.81227 hit on June 24, as sliding oil prices tempered Federal Reserve rate hike bets. Despite gaining ground, the franc remains 4.8% weaker than before the Middle East conflict, and a potential peace deal could further reduce haven demand. The Swiss National Bank kept its policy rate unchanged at 0% for a fourth consecutive meeting, maintaining that the current stance remains consistent with price stability and economic growth. However, the SNB revised its inflation outlook higher and reiterated its willingness to intervene in foreign exchange markets if needed. Meanwhile, the International Monetary Fund reported that Swiss economic growth will slow to 1.1% in 2026 amid weak external demand and tariff uncertainties. The Swiss government also trimmed its own 2026 domestic growth forecast to 0.9%, citing the dampening effects of recent energy price spikes.
2026-06-26
Swiss Franc Near 7-Month Low
The Swiss franc weakened to near 0.81 per US dollar, falling near its weakest level since November 2025 amid a stronger U.S. dollar and lower oil prices. The Swiss National Bank kept its policy rate unchanged at 0% for a fourth consecutive meeting, maintaining that the current stance remains consistent with price stability and economic growth. However, the SNB revised its inflation outlook higher and reiterated its willingness to intervene in foreign exchange markets if needed. Meanwhile, the Federal Reserve's hawkish tone at its latest meeting bolstered the U.S. dollar. Adding to the pressure, oil prices fell amid signs of easing geopolitical tensions and after Iran was granted a 60-day license to sell oil on international markets, improving risk sentiment.
2026-06-23
Swiss Franc Hovers Around 2-Month Lows
The Swiss franc was little changed at 0.8 per US dollar, remaining near its weakest level in over two months as investors assessed the latest policy decisions from the Swiss National Bank and the US Federal Reserve. The Swiss National Bank kept its policy rate at 0% for the fourth straight meeting, as expected, stating the current stance supports price stability and economic growth. Meanwhile, the central bank raised inflation forecasts for this year, 2027 and 2028, but kept growth projections unchanged. The SNB slightly adjusted its language, saying it is more willing to intervene in the foreign exchange market “if necessary.” Elsewhere, the US Federal Reserve unsurprisingly held rates steady, but signaled the possibility of a rate hike this year. On the geopolitical front, the US and Iran signed an interim agreement to end the war and reopen the Strait of Hormuz, though uncertainty persists as talks will continue toward a final deal.
2026-06-18