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Rabobank’s Jane Foley says the franc’s strength tied to French fiscal worries confirms it remains a safe haven, citing Switzerland’s current account and budget surplus and credible central-bank credentials.
Rabobank’s Jane Foley says the franc’s strength amid French fiscal concerns reflects its ongoing safe-haven appeal, citing Switzerland’s surpluses, governance and central bank credibility. The euro fell 0.6% to 0.9308 francs after a 10-week low at 0.9258 on Friday, LSEG data show.