Swiss Franc Rises Amid Global Bonds Sell Off
The Swiss franc strengthened against other major currencies in pre-European trading on Friday. This move occurred as global Treasury yields increased and risk aversion predominated this week, with Switzerland's strong fiscal position cited as a contributing factor.
The Swiss franc firmed against other major currencies in the pre-European session on Friday, supported by higher government debt levels among the world’s top nations and Switzerland’s strong fiscal position. Global Treasury yields rose this week as risk aversion dominated the market.