CHF Market Update
24 Jun 2026 • 00:28 GMT
The Swiss franc remains near its 90-day lows against the US dollar, trading around 1.2350. This is roughly 2.4% below its three-month average of about 1.2659. The franc has been relatively stable in recent weeks, with a trading range from 1.2350 to 1.2880, but overall, it continues to show strength as a safe haven amid ongoing global uncertainty.
US dollar strength has been driven by risk aversion and expectations of possible interest rate hikes by the Federal Reserve, which could keep USD gains extendable. However, current positionings indicate some caution, with analysts predicting the USD/CHF pair might end the year near 0.79, balancing safe-haven demand against the possibility of Fed rate increases.
The SNB maintains a zero percent interest rate and has signaled readiness to intervene if necessary, given the franc’s recent appreciation. While this hasn’t triggered active intervention yet, it underscores the Swiss authorities’ focus on balancing currency strength with economic stability. For now, the Swiss franc’s stance as a safe haven keeps it buoyant, but traders will continue watching US dollar movements and geopolitical developments for potential shifts.
📊 Quick forecast view
🟢 Mild upside
1.2390 – 1.2610
🌍 Global risk sentiment
⚪ Range-bound
