The Swiss franc traded slightly below 0.80 per USD, amid a subdued dollar and after fresh domestic inflation data provided mixed signals about the Swiss National Bank's (SNB) policy stance. Swiss inflation stood at 0.2% for the third consecutive month in September, slightly undershooting forecasts of 0.3%. On a monthly basis, prices declined by 0.2%, after a 0.1% fall in August and matching analysts' estimates. The data follow the central bank’s September decision to keep its key interest rate at 0% after six consecutive cuts, and recently indicated that inflation is expected to gradually rise in the coming quarters. SNB policymakers have been reluctant to push rates below 0% to avoid hurting the financial system, though the option remains on the table. Most economists view the SNB’s easing cycle as complete. However, some anticipate a possible December rate cut if the franc remains strong, at a time when the economy is under pressure from hefty US tariffs.