US EditionEUR/CHF Plunges to 2015 Lows as Franc Strength Accelerates
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The euro reached a new historical low against the franc on Friday, with investors turning to safe havens such as the Swiss currency in a context of high economic and political uncertainty in the United States.
FXStreet
The New York LedgerEUR/CHF plunges to 2015 lows as Franc strength accelerates
The Euro (EUR) extends losses against the Swiss Franc (CHF) on Friday, with EUR/CHF sliding to its lowest level since 2015, when the Swiss National Bank (SNB) abruptly abandoned its minimum exchange-rate floor.
The euro marked a new record low for the Swiss franc on Friday. In the morning the common currency sank to 0.9186 Swiss francs.
A settlement of shares this Friday led investors to take refuge in the Swiss franc, which reached its highest level against the euro since 2015, while the pound was affected by a report that this month's UK budget will not include the expected increases in income tax.There are multiple cross-flows in the markets today, but movements occur mainly as operators now see a cut in Federal Reserve fees in December as much less likely than a few weeks a…
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