Swiss Franc Gains as Fed Rate Hike Bets Ebb, Safe-Haven Demand Rises
The Swiss franc reached a two-month high against the euro and a one-week high versus the dollar. This strength is attributed to markets decreasing their expectations for U.S. interest rate hikes and increased safe-haven flows, coinciding with a widening gap in French-German government bond yields to a 14-year peak due to French fiscal concerns.
The Swiss franc rose to a two-month high against the euro and a one-week high against the dollar. S. interest-rate increases and by safe-haven flows, as the gap between French and German government bond yields widened to a 14-year high on French fiscal concerns.