Swiss Franc Under Pressure as Fed-SNB Interest Rate Gap Widens
The Swiss Franc remains under pressure as the interest rate gap between the Federal Reserve (Fed) and the Swiss National Bank (SNB) widens.
The US Dollar Index (DXY) has reached its highest level in nearly two months, with a reading of 101 after Thursday's peak of 101.40.
According to the CME FedWatch Tool, there is around a 66% probability of a rate increase at the October meeting.