Swiss Franc Hits 11-Year High Against US Dollar Amid Global Uncertainty

The Swiss franc has reached an 11-year high against the US dollar, marking a 3.5% increase year-to-date and a 12% rise annually. According to NS3.AI, this surge is attributed to geopolitical tensions and global financial uncertainty, reinforcing the franc's status as a safe-haven asset. Despite its strength, the Swiss National Bank faces challenges in managing the currency's appreciation while maintaining economic stability.