Swiss Franc Surges to Decade High on Stickier Inflation Outlook
Market Intelligence Analysis
AI-PoweredThe Swiss Franc surged to a decade high due to a combination of factors, including a stickier inflation outlook and reduced tariff expectations on exports to the US.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
The franc rose 0.4% to 0.91862 per euro, its strongest level since January 2015 when the Swiss National Bank ended the 1.20 exchange rate cap. The currency’s advance follows comments from SNB Vice President Antoine Martin who said this week that inflation “is expected to rise slightly in the coming quarters,” dampening speculation of a return to negative rates. Separately, reports that Switzerland is close to securing a reduced 15% tariff on exports to the US gave the Swiss currency an additional boost.
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