Report: The safe-haven status of the Swiss Franc is being tested by potential interventions from the Swiss National Bank.

date
17/03/2026
Jane Foley of Rabobank described in a report that since February 27, the safe-haven currency Swiss Franc has only ranked seventh among G10 currencies in performance. She mentioned that the currency has been weighed down by the Swiss National Bank's increased warning about forex interventions at the start of the conflict. The Swiss National Bank and the European Central Bank are set to announce decisions on Thursday. Rabobank expects the Euro to stay near 0.90 Swiss Francs, Foley stated that any favorable comments from the ECB towards the Euro could help maintain the exchange rate above this level. However, the prolongation of the Middle East crisis will increase the risk of the exchange rate falling below this level. The Euro is reported at 0.9049 Swiss Francs. According to data from the London Stock Exchange Group, the Euro hit a multi-year low of 0.8979 Swiss Francs on March 9.