Swiss Franc Hits Five-Month High Against Euro After Tech Selloff
The franc strengthens to a five-month high against the euro as a tech-stock selloff prompts investors to seek safety.
The Swiss franc strengthens to a five-month high against the euro as a selloff in tech stocks encourages investors to seek safety in the defensive currency. Concerns about a slowdown in AI investment following the Democratic sweep in U.S. midterm elections hit tech stocks. Broad risk sentiment is a…