Previous Close | 0.8864 |
Open | 0.8931 |
Bid | 0.8931 |
Day's Range | 0.8931 - 0.8931 |
52 Week Range | 0.8330 - 0.9222 |
Ask | 0.8950 |
Since October 2023, the Israel-Hamas conflict has pushed risk assets to the downside.
The Swiss franc strengthened after Switzerland's central bank opted for a standard-size rate cut, rather than the 0.5-percentage-point slice some analysts expected. The Swiss National Bank's third cut in a row takes benchmark interest rates to 1%, from 1.25%. The SNB was the first central bank among wealthy economies to kick off its easing campaign, in March. The franc has since gained against the dollar, after an initial selloff.