SNB Actively Selling CHF to Counter Safe-Haven Inflows, Rabobank Says

Rabobank's senior FX strategist Jane Foley highlights that the Swiss National Bank (SNB) has been actively selling the Swiss franc to counter safe-haven inflows since the start of the Iran war.

The SNB has also signaled an increased willingness to intervene further, reinforcing its cautious policy stance aimed at capping CHF appreciation. Foley's comments suggest the central bank remains proactive in managing CHF strength amid geopolitical tensions.