The US dollar has dropped to its lowest level against the Swiss franc in 14 years, hitting CHF 0.78 yesterday.
Against the euro, the dollar is also at its weakest since 2021.
The franc continues to gain strength overall, with the euro nearing the CHF 0.93 mark.
Analysts point to interest rate differentials between the US and Europe as the main driver. Commerzbank notes the euro has strengthened for eight straight days. Markets are now awaiting a key US labour report tomorrow.
A strong result might not help the dollar if investors believe the Fed will cut rates regardless - raising concerns of political influence on US monetary policy.
We're all getting used to AI
Initiative to limit frontalier jobs rejected by State Council
New rules for social media plannned
Pâquis to get a facelift
New overnight train from Basel to Malmö
Winter tyres compulsory in France from Saturday
