Swiss National Bank Chairman Schlegel described the decline as a minor reversal to the long-term appreciation of the franc. He characterized the current price movement as a small counter trend to the overall strengthening trajectory of the currency.
Tuesday, October 20, 2026
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Swiss Franc Hits May 2025 Low on Foreign Rate Hikes
Global Markets22 days ago
The domestic currency of Switzerland dropped to near 0.8300 against the U.S. dollar on September 28, marking its weakest exchange rate in over a year. Anticipated interest rate increases in foreign markets have pressured the currency, according to a report by the Wall Street Journal.
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