The Swiss franc traded around 0.81 per USD, remaining close to 2011-highs, supported by safe-haven demand and expectations of no imminent cuts by the Swiss National Bank. Investors weighed global uncertainties, with the US prolonged shutdown, the Fed's divided stance, lingering geopolitical risks and fears over high stock valuations among the major concerns. Meanwhile, softer-than-expected Swiss inflation data revived speculation of another rate cut, potentially pushing policy back below zero. However, SNB policymakers remain cautious, mindful of financial stability risks. SNB’s Tschudin said recently policy rates are “where they should be,” while Schlegel reiterated expectations of a mild pickup in inflation in the quarters ahead.