📈 Swiss Franc Strengthens
Safe-haven demand and rising gold prices have propelled the Swiss franc higher. The franc continues its upward momentum versus the US dollar and euro, supported by concerns over a potential US government shutdown.
At the same time, speculation about a coordinated US–Japan effort to weaken the dollar against the yen is putting additional pressure on the dollar. ING analyst Chris Turner highlighted that as the Swiss National Bank responds to the strong franc, markets may start anticipating a return to negative interest rates in Switzerland.
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