empty
 
 

02.03.202607:29:23UTC+00Swiss Franc Remains Strong Amid Escalating Middle East Tensions

The Swiss franc began March trading at 0.77 per US dollar, hovering near one of its strongest levels on record. It also climbed sharply against the euro, hitting its highest level in more than a decade as investors sought traditional safe-haven assets amid escalating conflict in the Middle East. Over the weekend, the US and Israel launched strikes on Iran, reportedly killing Iran’s Supreme Leader and effectively closing the Strait of Hormuz. In response, Iran conducted missile and drone attacks across several parts of the region, further heightening geopolitical uncertainty. The Swiss National Bank declined to comment on the situation or to signal whether it might intervene in foreign exchange markets to stem the franc’s rapid appreciation. Investors are now focused on a series of key economic indicators due this week, including Switzerland’s February inflation data scheduled for release on Wednesday.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback