SNB Interventions Against Franc Strength Remain a Risk

Dow Jones
07/13

1346 GMT - The Swiss National Bank could continue to emphasize its willingness for interventions to prevent the franc from rising, Rabobank's Jane Foley says in a note. While the franc is softer versus the dollar and the euro relative to the start of the Iran war, the SNB is "unlikely to sit back and relax" with interventions remaining a risk, she says. Nevertheless, the dollar has been the preferred safe-haven currency during the war while European Central Bank has raised interest rates, providing some relief to the SNB. The dollar rises 0.2% to 0.8099 francs, having reached a 12-day high of 0.8108 overnight, LSEG data show. The euro rises 0.3% to 0.9251 francs after earlier hitting a three-week high of 0.9258. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

July 13, 2026 09:46 ET (13:46 GMT)

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