The Swiss franc strengthened against the US dollar on Monday, extending its recovery as the dollar weakened after Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole economic symposium. Powell signaled a possible shift toward interest rate cuts, and CME FedWatch data showed markets assigning a higher probability to a September cut. The move pushed USD/CHF lower and renewed demand for the franc, a safe-haven currency that often benefits when uncertainty rises or the dollar’s yield advantage narrows. Expectations of US monetary easing could reduce the interest-rate differential between the United States and Switzerland, although Switzerland’s monetary policy remains accommodative. Traders are watching for possible Swiss National Bank intervention, along with US economic data and further Federal Reserve communications. The pair may remain volatile as the monetary-policy outlook develops, with implications for Swiss exporters, US multinationals, commodity prices and broader risk sentiment.