23.06.202611:57:47UTC+00Swiss Franc Near 7-Month Low

The Swiss franc weakened to around 0.81 per US dollar, hovering near its lowest level since November 2025, as a stronger US dollar and lower oil prices weighed on the currency. The Swiss National Bank left its policy rate unchanged at 0% for the fourth consecutive meeting, stating that its current stance remains compatible with price stability and sustainable economic growth. At the same time, the SNB raised its inflation forecast and reiterated that it stands ready to intervene in foreign exchange markets if necessary. In contrast, the Federal Reserve’s hawkish tone at its latest meeting supported further gains in the US dollar. Additional pressure on the franc came from declining oil prices, reflecting signs of easing geopolitical tensions and the decision to grant Iran a 60-day license to sell oil on international markets, which improved overall risk sentiment.