Business · Markets · 6 hrs ago
Swiss franc gains as US dollar retreats from 18-month high
The Swiss franc strengthened in US trading on Thursday as the dollar gave back some gains.
Earlier, the dollar had reached 0.8397 francs, its highest level in nearly 18 months.
The move followed US inflation rising to 3.7% in September, above expectations and up from 3.4% in August.
That prompted expectations of further interest-rate increases by the US Federal Reserve and briefly pushed US bond yields higher.
But yields later fell, and the dollar was trading at 0.8344 francs.
The euro rose against the dollar to 1.1153 but edged down against the franc to 0.9307.
The figures show how inflation expectations and bond yields can move currencies, though no further market outlook was given.
The Swiss franc strengthened during US trading on Thursday as the dollar retreated from a level not seen for nearly 18 months.
The dollar had reached 0.8397 francs shortly before European markets closed.
It later fell to 0.8344 francs as US bond yields eased.
Higher-than-expected US inflation had initially lifted bond yields and supported expectations of further Federal Reserve rate increases.
The euro rose against the dollar but edged lower against the franc.
- Who
- The Swiss franc, the US dollar and the euro.
- What
- The franc strengthened as the dollar retreated from a nearly 18-month high.
- When
- Thursday during US trading; the article was published on 14 October 2026.
- Where
- In foreign-exchange trading; the article reports the dollar and euro’s values against the franc.
- Why
- US bond yields had risen on expectations of further Federal Reserve rate increases after inflation exceeded expectations, but yields later eased.
This story does not have two clearly opposing sides.
The dollar reached 0.8397 francs, its highest level in nearly one and a half years.
The dollar fell to 0.8344 francs as US bond yields eased.
- Dollar peak
- 0.8397 Swiss francs
- Dollar later level
- 0.8344 Swiss francs
- US inflation in September
- 3.7%, up from 3.4%; the market had expected 3.6%
- Euro against dollar
- 1.1153 dollars, up from 1.1127
- Euro against franc
- 0.9307 francs