The Swiss franc has been trading around 0.8 per USD, hovering near its highest levels since 2011, as geopolitical and trade tensions continue to fuel safe-haven demand while investors assess the monetary policy outlook. Minutes from the September 25 SNB meeting indicated that policymakers see the current policy stance as supportive of the economy amid weak price growth and tariff-related uncertainties. The central bank kept its benchmark interest rate at 0% and ruled out further easing, noting that inflationary pressures are not expected to remain persistently negative.