Dollar Steady With Fed in Focus, Swiss Franc Strongest vs Euro Since Jan 2015

Dollar Steady With Fed in Focus, Swiss Franc Strongest vs Euro Since Jan 2015
A woman holds U.S. dollar banknotes on May 30, 2022. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

SINGAPORE/LONDON—The dollar held near recent peaks on Thursday, supported by the view that the Federal Reserve will keep tightening policy aggressively, while the Swiss franc hits its strongest against the euro since the Swiss National Bank removed its floor under the currency in 2015.

The franc rose 0.5 percent against the euro to as high as 0.9529 francs, its strongest level against the single currency since Jan. 15 2015, the day the SNB scrapped its minimum exchange rate of 1.20 francs per euro.