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09.02.202615:43:28UTC+00Swiss Franc Firmer

The Swiss franc traded just below 0.770 per USD, nearing its strongest level since 2011, supported by safe-haven demand and a weaker dollar. Investor sentiment remained cautious amid ongoing concerns over artificial intelligence and guidance from Chinese regulators urging financial institutions to curb their exposure to US Treasuries amid policy uncertainty, a stance that has been echoed by other major economies.

Market participants are now looking ahead to January inflation figures, due on February 13, with analysts expecting annual inflation at 0.1% and a 0.1% month-on-month decline. Swiss National Bank (SNB) Chairman Martin Schlegel has recently highlighted the challenges associated with low inflation and the current interest rate environment, reiterating the SNB’s commitment to price stability within its 0–2% inflation target range. Schlegel also reaffirmed his view that Swiss inflation will edge higher in the coming month and that current monetary policy settings remain appropriate.

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