Swiss Franc Drops to 16-Month Low Against US Dollar

Key Facts

1The Swiss franc fell to a 16-month low against the dollar on Tuesday.

2The currency's decline is driven by the Swiss National Bank's cautious stance diverging from its global peers.

The Swiss franc fell to a 16-month low against the US dollar on Tuesday, September 29, 2026. The Wall Street Journal reported that the currency's decline is driven by the Swiss National Bank's cautious stance diverging from its global peers.

The SNB's reluctance to raise interest rates as aggressively as other central banks has created a yield disadvantage for the franc, leading to capital outflows. The currency reached this milestone as markets price in higher interest rates in other jurisdictions while the Swiss National Bank remains cautious.