{
  "id": 11136107,
  "title": "Swiss Franc drops to fresh 16-month lows as CPI data supports SNB’s dovishness",
  "url": "https://urgent.news/2026/10/01/swiss-franc-drops-to-fresh-16-month-lows-as-cpi-data-supports-snbs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T07:28:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/swiss-franc-drops-to-fresh-16-month-lows-as-cpi-data-supports-snbs-dovishness-202610010728"
  },
  "original_language": "en",
  "account": "Swiss Franc (CHF) prices hit a 16-month low against the US Dollar (USD), as Swiss Consumer Price Index (CPI) data supported the Swiss National Bank's (SNB) dovish stance. The USD/CHF pair broke above 0.8380, marking a six-week rally. September CPI accelerated to 1% year-over-year (Y-o-Y) from 0.8% in August, but the month-over-month (MoM) figure dipped to 0%, following 0.4% growth in July. These figures aligned with market expectations and did not pressure the SNB to change its accommodative monetary policy. Retail Sales accelerated to 3.2% Y-o-Y in August, surpassing the market's expectation of a moderate slowdown to 2.2%. However, soft inflation data negated the positive impact of this increase. The US Dollar continued to gain strength from higher US Treasury yields, with the 10-year note reaching 5.30% and the 30-year yield reaching 5.65%, both at 24-year highs. The uncertainty of the ongoing Middle East conflict also contributed to rising energy prices. US inflation data, though cooling expectations of another Federal Reserve rate hike in October, failed to weaken the US Dollar's strength. Societe Generale's Jan Groen suggests that a pause in potential October rate hikes remains possible, but a hike is still on the table pending September CPI and PPI data.",
  "summary": "The Swiss Franc (CHF) extends losses against a firm US Dollar (USD) on Thursday, as Swiss inflation data allows the Swiss National Bank (SNB) to keep interest rates lower for longer, while the Greenback remains buoyed by higher US Treasury yields.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Swiss Franc reaches fresh 16-month lows ahead of CPI data",
        "url": "https://urgent.news/2026/10/01/swiss-franc-reaches-fresh-16-month-lows-ahead-of-cpi-data",
        "published": "2026-10-01T05:50:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}