Forex
Swiss Franc Hits One-Year Low Amid Geopolitical Tensions
The Swiss franc has hit its lowest level in over a year, trading near $0.81 as traders remain cautious due to escalating geopolitical tensions.
The price of oil continues to rise after the US-Iran conflict intensified, raising concerns over energy supplies, inflation, and economic growth.
The Trump administration's imposition of new tariffs on Swiss imports is also contributing to the franc's weakness, although the tariff ceilings remain at up to 12.5%.
The Swiss National Bank has maintained its policy rate at 0%, but acknowledged increasing near-term inflation risks and a willingness to intervene in the foreign exchange market to curb excessive franc appreciation.