The euro (EUR) rose slightly against the Swiss franc (CHF) on Thursday, recovering from earlier losses after a shaky start to the day. As of now, the EUR/CHF pair is trading around 0.9320, bouncing back from intraday lows near 0.9300, and trying to make a gradual recovery after hitting a two-month low earlier this week.
This upward movement followed the European Central Bank’s (ECB) monetary policy meeting held on September 10-11. Investors were weighing statements from policymakers who expressed confidence that interest rates were appropriately positioned to steer inflation back toward target levels. Although inflation is cooling, concerns linger regarding high service prices and wage growth, which, while decelerating, still remains elevated.
Some officials noted that keeping interest rates stable for a longer duration could help stabilize inflation expectations, especially given the current fiscal uncertainties in the euro area’s larger economies.
Philip Lane, the ECB’s chief economist, recommended holding interest rates steady, suggesting that ongoing uncertainties necessitated careful consideration. In contrast, board member Isabel Schnabel cautioned about the possibility of a sudden market downshift, expressing worries that premature shifts in policy might destabilize financial markets.
On another note, ongoing political uncertainty in France is impacting regional sentiment. There are growing worries regarding France’s fiscal strategy and the potential challenge in passing the 2026 budget, particularly as President Emmanuel Macron faces difficulties in appointing a new prime minister after the abrupt resignation of Sébastien Lecornu.
In Switzerland, rising inflation expectations are reducing the likelihood that the Swiss National Bank (SNB) will revert to negative interest rates. SNB Chairman Martin Schlegel recently voiced confidence that inflation could pick up in the coming months. The Consumer Price Index (CPI) recorded a 0.2% year-on-year increase in September, marking the fourth consecutive month of growth, though it fell short of the anticipated 0.3%. Month-over-month, prices actually dipped by 0.2%, slightly exceeding the previous month’s 0.1% decrease.
today’s euro price
The table below shows the percentage change of the Euro (EUR) against the major listed currencies today. The euro was the strongest against the British pound.
| USD | EUR | GBP | JPY | CAD | australian dollar | new zealand dollar | swiss franc | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.18% | 0.19% | -0.05% | -0.03% | -0.39% | 0.13% | 0.24% | |
| EUR | -0.18% | 0.02% | -0.19% | -0.23% | -0.42% | 0.00% | -0.07% | |
| GBP | -0.19% | -0.02% | -0.27% | -0.22% | -0.45% | -0.00% | -0.04% | |
| JPY | 0.05% | 0.19% | 0.27% | -0.06% | -0.26% | 0.13% | 0.21% | |
| CAD | 0.03% | 0.23% | 0.22% | 0.06% | -0.28% | 0.18% | 0.14% | |
| australian dollar | 0.39% | 0.42% | 0.45% | 0.26% | 0.28% | 0.49% | 0.35% | |
| new zealand dollar | -0.13% | -0.00% | 0.00% | -0.13% | -0.18% | -0.49% | -0.04% | |
| swiss franc | -0.24% | 0.07% | 0.04% | -0.21% | -0.14% | -0.35% | 0.04% |
The heat map shows the percentage change between major currencies. The base currency is selected from the left column and the quote currency is selected from the top row. For example, if you select EUR from the left column and move to USD along the horizontal line, the percentage change displayed in the box represents EUR (Basic)/USD (Quote).
