Franc Soars to 0.82 per Euro as SNB Runs Out of Room to Cut

2026-11-01, FP360 — The Swiss franc strengthened to 0.82 per euro, a 14-month high, as safe-haven inflows accelerated following dovish ECB signals. With the SNB's policy rate already at 0.25%, the central bank's ability to counter the appreciation via rate cuts is nearly exhausted, putting its 2026 intervention cap of CHF 35 billion under acute stress.

The Signal: The SNB's dwindling toolkit means further franc strength is likely, threatening Swiss exporters and forcing the central bank to choose between inflation control and currency stability.

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Originally published on FINPULSE 360