Swiss Franc Could Remain Under Pressure From Low Rates, U.S. Tariffs -- Market Talk

0939 GMT - The Swiss franc could continue to struggle due to the Swiss National Bank potentially keeping interest rates low and the U.S. imposing new tariffs against Switzerland, Commerzbank's Michael Pfister says in a note. Markets are pricing a rate rise by June 2027, leaving potential for disappointment if the base rate is held at 0% until the end of next year, he says. Fresh U.S. tariffs against Switzerland come at a time when Swiss exports to the U.S. haven't recovered from last year's slump, he says. The dollar rises 0.1% to 0.8193 francs after reaching a 13-month high of 0.8199 earlier, LSEG data show. The euro rises 0.1% to 0.9316 francs after hitting a six-month high of 0.9321. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 28, 2026 05:39 ET (09:39 GMT)