USD/CHF (CHF=X)
| Previous close | 0.8745 |
| Open | 0.8743 |
| Bid | 0.8765 |
| Day's range | 0.8729 - 0.8782 |
| 52-week range | 0.8553 - 0.9440 |
| Ask | 0.8765 |
ReutersAnalysis-Swiss franc shines as investors scramble for safe assets
The potential for the Israel-Hamas conflict to worsen and poor corporate earnings have sent investors scrambling for safety with few havens left, as high-for-longer U.S. rate expectations batter government bonds and the yen. Enter the Swiss franc, a longstanding safe haven asset thatjust hit its highest level against the euro since 2015, standing tall as its traditional rivals lose appeal. "Markets are caught between a rock and a hard place, with a surge in risk aversion where bonds provide no protection," said Florian Ielpo, head of macro at Lombard Odier Investment Managers in Geneva.
- Reuters
Swiss franc at strongest since 2015 on flight to safety
The Swiss franc hit its strongest since 2015 against the euro on Friday, with the safe-haven currency benefitting from investor risk aversion due to the war in the Middle East, and broad weakness in the European common currency. It was last at this level in 2015, after the Swiss National Bank scrapped the franc's peg to the euro.
FX Empire4 Central Banks’ Meetings to Focus on This Week
It’s going to be a significant week for traders and investors as four central banks will deliberate on recent developments and their potential implications for their monetary policies.
