💱US Dollar/Swiss Franc FX Spot Rate
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SNB policy decision drives franc weakness, making USD stronger versus CHF.
The euro gained 0.24% against the Swiss franc on Thursday, trading around 0.9415 at the time of writing after reaching an intraday high of 0.9433 following the Swiss National Bank's monetary policy decision. German IFO data also supported the single currency. The Swiss National Bank's policy decision was the immediate catalyst for the move, with the euro extending gains to its intraday peak before settling near 0.9415.
SNB policy decision drives franc weakness, making USD stronger versus CHF.
Euro gains after SNB decision and supportive German IFO data, favoring EUR over USD.