The Swiss franc on Wednesday held at CHF0.86 against the dollar, near a two-month low, under pressure from a stronger dollar ahead of the upcoming US presidential election that is expected to see Trump in the lead.
Swiss franc almost unchanged on Wednesday
Expectations of a more gradual easing cycle from the Fed following a stronger-than-expected series of US economic data weighed on the outlook.
The continued slowdown in Swiss inflation has boosted expectations of another rate cut by the Swiss National Bank at its next meeting in December. Inflation fell for a third month to 0.8% in September, the lowest in more than three years, from 1.1% in August.
Central bank lowered rate
The central bank lowered its benchmark rate for the third time in a row in September, from 0.25% to 1%, and signaled the possibility of further cuts in the coming months due to the significant decline in inflationary pressures.
