Swiss Franc Extends Losses Vs Dollar on U.S. Rate Rise Bets -- Market Talk

1407 GMT - The Swiss franc falls to another 13-month low against the dollar as the recent jump in energy prices boosts expectations for the Federal Reserve to raise interest rates. The market sees a 34% chance that the Fed will raise rates on Wednesday and is fully pricing a move by September, according to LSEG. This weighs on the low-yielding franc where markets see little chance of the Swiss National Bank raising rates any time soon. The dollar rises 0.2% on the day to as high as 0.8184 francs. The euro rises 0.1% to 0.9301 francs, having reached a six-month high of 0.9316 Thursday, LSEG data show. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

July 24, 2026 10:07 ET (14:07 GMT)