{
  "id": 7511245,
  "title": "Swiss Franc: Funding role versus haven status – Rabobank",
  "url": "https://urgent.news/2026/09/15/swiss-franc-funding-role-versus-haven-status-rabobank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T08:17:51.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/swiss-franc-funding-role-versus-haven-status-rabobank-202609150817"
  },
  "original_language": "en",
  "account": "The Swiss Franc (CHF) is evaluating a potential shift from its safe haven status to becoming a funding currency, according to Rabobank’s Senior FX Strategist Jane Foley. The SNB’s intervention during the Iran war, low Swiss inflation, and a zero policy rate have contributed to this perception. In fact, the CHF has underperformed compared to other G10 currencies, including the Swedish Krona (SEK), which has also seen a decline.\n\nThe SNB’s intervention in March 2026 helped halt a surge in the CHF’s value, a well-established safe haven currency, and since then, its appeal as a safe haven has diminished. Currently, the market is skeptical about the probability of a SNB rate hike this year, which could potentially propel the CHF into funding currency status.\n\nHowever, the SNB’s zero policy rate leaves room for the CHF to attract long positions if market concerns intensify. If the Bank of Japan (BoJ) indicates an acceleration in policy tightening during its September 18 meeting, market participants may continue seeking alternative funding currencies. Despite its low interest rates, the CHF may still attract some investors due to its status as a safe haven.\n\nThe upcoming French Presidential election, which could see the far-right gain power, may be a source of concern for market participants. Overall, the FXStreet Insights Team reports that the CHF remains in a precarious position, balancing its safe haven status and potential transition to funding currency status.",
  "summary": "Rabobank’s Senior FX Strategist Jane Foley discusses whether the Swiss Franc (CHF) will shift from safe haven to funding currency status. Foley highlights Swiss National Bank (SNB) intervention during the Iran war, subdued Swiss inflation, and a zero policy rate.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Swiss Franc remains under pressure against US Dollar, Fed’s policy in focus",
        "url": "https://urgent.news/2026/09/15/swiss-franc-remains-under-pressure-against-us-dollar-feds-policy-in",
        "published": "2026-09-15T03:15:55.000Z"
      }
    ]
  },
  "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."
}