Swiss Franc Falls as Safe-Haven Demand Wanes, SNB Repeats Intervention Threats -- Market Talk

Dow Jones03-25 16:24

0824 GMT - The Swiss franc falls to a six-week low against the euro as tentative hopes for a resolution to the Middle East conflict reduce demand for safe-haven assets. The U.S. has sent Iran a 15-point plan to end the war, The Wall Street Journal reports, citing officials. President Trump said Tuesday he was more confident of Iran's willingness to reach an agreement. Mediators from Turkey, Egypt and Pakistan are pushing for a meeting between U.S. and Iranian officials in the next 48 hours. Meanwhile, Swiss National Bank Chair Martin Schlegel and SNB member Petra Tschudin on Tuesday also reiterated the central bank's increased willingness to use interventions to curb the franc's strength. The euro rises to a high of 0.9168 francs. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 04:24 ET (08:24 GMT)

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