Business · Markets · 8 hrs ago
Euro falls further against Swiss franc as investors seek safety
The euro fell against the Swiss franc, trading at 0.9160 francs in the early evening, down from 0.9195 francs late in the afternoon.
A bank commentary said concerns about French public finances and falling technology shares had increased demand for safe investments.
The Swiss franc’s rise is making some interest-rate trades riskier, according to the commentary.
Inflation figures due Tuesday for Europe and Switzerland could lead to further swings in currency markets.
The US elections are also being closely watched by currency traders.
The commentary said the dollar could lose about 2% if Donald Trump does not accept a possible Democratic majority in one or both chambers of Congress.
The euro fell to 0.9160 Swiss francs in early evening trading, down from 0.9195 in late afternoon.
Bank Valiant said concerns about French public finances and falling technology shares had increased demand for safety.
The article said further Swiss franc gains could make carry trades less comfortable for investors.
Inflation data due from Europe and Switzerland on Tuesday could cause further exchange-rate movements.
- Who
- The euro and Swiss franc. The US dollar also weakened slightly against the franc.
- What
- The euro fell further against the Swiss franc, reaching 0.9160 francs.
- When
- Early evening on November 2, 2026.
- Where
- In foreign-exchange markets.
- Why
- Concerns about French public finances and falling technology shares increased demand for safety, according to a Bank Valiant comment.
This story does not have two clearly opposing sides.
The euro against the US dollar reached its lowest level since May 2025.
The euro was trading at 0.9195 Swiss francs.
The euro had fallen to 0.9160 Swiss francs.
Inflation data from Europe and Switzerland were due, and US elections were being closely watched in foreign-exchange markets.
- Euro exchange rate
- 0.9160 Swiss francs in early evening trading
- Late-afternoon euro rate
- 0.9195 Swiss francs
- US dollar exchange rate
- 0.8182 Swiss francs in early evening trading
- Euro-US dollar rate
- 1.1195 in early evening, down from 1.1214 in late afternoon
- Upcoming data
- Inflation figures from Europe and Switzerland were due Tuesday
What people are saying
The concerns about French public finances and the declines in technology shares have obviously increased the need for safety.