1019 GMT - The Swiss franc rises to its highest against the euro in nine weeks and its highest in a week and a half against a weaker dollar. The safe-haven currency gains even as risk appetite picks up on optimism about a potential deal between the U.S. and Iran. The Swiss franc has recently been driven by relative interest-rate expectations, ING's Chris Turner says in a note. Weak eurozone purchasing managers' surveys raised questions over how much the European Central Bank will need to raise interest rates. Further doubts over ECB rate-hike prospects will likely pressure the euro further versus the franc, he says. The euro falls to a low of 0.9094 francs while the dollar falls to 0.7811 francs, LSEG data show. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
May 25, 2026 06:19 ET (10:19 GMT)
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