The franc is fixed below parity against the euro
A safe haven par excellence, the Swiss franc is trading below 0.99 per euro. The recent surprise rate hike by the SNB and the risks of a global recession make it attractive.
Posted today at 6:05 p.m.
The franc rallied sharply to trade at 0.9850 against the euro.
KEYSTONE
The Swiss franc is tearing up. The currency has been trading below parity against the euro since the start of the week. For the record, the euro was trading at nearly 1.10 francs just twelve months ago (against 0.9850 on Wednesday). Our explanations in three points.
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