Swiss Franc Falls 0.48% vs Dollar on US CPI Day, Down 0.84% for Week

The franc's outsized weekly decline against a dollar that moved only modestly on the CPI print suggests the Swiss currency, not the greenback, did the heavy lifting — a reminder that the franc's safe-haven bid can unwind quickly when rate differentials shift. The euro's muted reaction, despite an ECB hike the prior day, points to markets treating the CPI data as the dominant input. Whether the franc's underperformance persists into next week, or reverses once the inflation impulse fades, is the open question.