Swiss franc tumbles after SNB warning earlier

March 2, 2026
-FXnews

It looks like we’re finally getting a feel of where the SNB wants to draw the line next in EUR/CHF. This has been a key debate since the start of the year and especially more so after the pair fell below the previous line in the sand around 0.9200. Even USD/CHF is now up over 1% to 0.7770 after having traded near flat at the start of European morning trade. Coincidence? Perhaps not.

I would wager that the Swiss central bank did step into the market today and they may very well have had to do it. Otherwise, it would be tough not to think that the franc currency would not have strengthened given the latest developments. However, the franc has been the go-to currency for traders in recent negative risk events

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