Breakfast Show 6:30am - 10:00am

Listen Live

Search

Dollar slumps against franc

Wednesday, 2 July 2025 06:30

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.

Share

More from Bitesize News

  • Geneva could foot the G7 bill

    Geneva fears it will be left with the security bill from a G7 summit just across the border in Évian, according to 24 heures.

  • US NGO discovers Swiss child abuse cases

    Switzerland relies too heavily on an American NGO to detect child sexual abuse online, raising questions about the country's ability to protect children on its own.

  • French singer banned by Paleo

    The Paléo Festival in Nyon says it will no longer invite French singer Patrick Bruel, after a former volunteer accused him of inappropriate behaviour.

  • Cars going uninspected

    The cantons are struggling to keep up with mandatory vehicle inspections, leaving more than 550,000 checks overdue nationwide.

  • War may lead to rent rises

    Rents may rise again, says the bank Raiffeisen.

  • Not a heatwave, yet

    Summer has arrived, with temperatures climbing past 30 over the long weekend. Basel reached 31 and Sion hit 32.4, but MeteoSwiss, says this does not yet count as an official heatwave.

Follow WRS

Download our app

  • Available on the App Store
  • Available on Google Play