USD/CHF Surges Past August 2025 High on SNB Rate Decision

The US dollar (USD) broke above its August 2025 high against the Swiss franc (CHF), following reports that the Swiss National Bank (SNB) will keep its key interest rate at zero until the end of 2027.

This development was sparked by a Bloomberg report citing people familiar with the SNB's thinking, which suggested that the central bank would remain on hold for an extended period due to low core inflation in Switzerland.

The USD/CHF pair is expected to continue its upward momentum, with buyers targeting the May 2025 high around 0.85. However, sellers will look for a break below the 0.8172 level to position for a pullback into the 0.8030 support.