Swiss Franc Rallies to 0.82 per USD Amidst Eurozone Debt Concerns

The Swiss franc has rebounded from a 16-month low, rising to 0.82 per USD as investors seek safe-haven assets amidst concerns over debt affordability in European peers.

Elevated energy prices are also driving up demand for the greenback and Swiss franc, exacerbating worries about government debt and expenditures.

In contrast to other central banks, the Swiss National Bank left its key rate unchanged at 0% in September, but markets still expect a rate hike by year-end and three more by the end of 2027.