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Swiss Franc’s Rally to 2017 High Signals Safety Still in Demand
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. For anyone who thinks political risk is taking a back seat for currency markets, take a look at the Swiss franc’s rally. Following an escalation in Middle East tensions and the risks around Britain’s departure from the European Union, the currency has advanced to its strongest level against the euro since April 2017. Back then, worries that France could elect a euroskeptic president boosted the franc. The currency’s latest ascent coincides with gold prices surging above $1,600 an ounce for the first time since 2013 and ... (full story)