Swiss Franc's Strength Likely to Persist Given SNB Inaction -- Market Talk

Dow Jones03-24 22:55

1455 GMT - The Swiss franc could gradually rise this year as the Swiss National Bank remains reluctant to cap the currency's strength with negative interest rates or much larger foreign-exchange interventions, Barclays analysts say in a note. The SNB's recent statements about increased willingness for currency interventions are prompted by the Iran war boosting demand for the safe-haven franc, rather than a shift in its appetite for such a policy, they say. Furthermore, the Swiss current account has weathered a stronger franc well. "Overall, a largely unchanged reaction by the SNB in an environment of strong safe-asset demand continues to imply persistent franc strength." Barclays expects the euro to fall to 0.89 francs by the fourth quarter from 0.9155 currently. (renae.dyer@wsj.com)

 

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March 24, 2026 10:55 ET (14:55 GMT)

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