In the European session on Wednesday, the Swiss franc reversed its direction and slipped against the U.S. dollar and the pound.
The franc is trading at 0.9292 against the greenback and 1.4971 against the pound, compared to early highs of 0.9252 and 1.4909, respectively. If the franc slides further, it may break 0.935 against the greenback and 1.50 against the pound.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.