18.06.202608:13:50UTC+00Swiss Franc Hover Around 2-Month Lows

The Swiss franc held steady around 0.8 per US dollar, hovering near its weakest level in more than two months as investors digested the latest policy decisions from both the Swiss National Bank and the US Federal Reserve. As widely anticipated, the Swiss National Bank left its policy rate unchanged at 0% for a fourth consecutive meeting, reiterating that the current stance is consistent with price stability and supports economic growth. While the SNB raised its inflation forecasts for this year as well as for 2027 and 2028, it left its growth projections unchanged. The central bank also slightly toughened its guidance on currency operations, indicating it is now more prepared to intervene in the foreign exchange market “if necessary.”

In the US, the Federal Reserve also kept interest rates on hold, as expected, but signaled that a rate increase later this year remains on the table. On the geopolitical front, the United States and Iran reached an interim agreement aimed at ending the war and reopening the Strait of Hormuz. However, uncertainty remains elevated as negotiations continue toward a comprehensive, final accord.