Markets Pressure Yen and Swiss Franc as Energy Prices Rise, ING Says
2026-07-22 08:04:09
According to Jin10, ING analyst Chris Turner said rising energy prices may keep pressure on the low-yielding yen and Swiss franc as markets reprice other central banks' rate-hike expectations. He added that despite higher energy prices, equities have remained relatively resilient, which may weaken the yen and franc's appeal as safe-haven currencies. Turner also said the more important factor appears to be low interest rates and the slow pace of central bank rate hikes. The dollar fell 0.2% against the yen to 162.90 after touching a 40-year high of 163.23 on Tuesday, while the dollar fell 0.1% against the Swiss franc to 0.8118 after reaching an overnight one-week high of 0.8133.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
印尼央行：今天决定不加息
