Swiss Franc Hits 10-Year High vs Euro

Swiss Franc Surges to Ten-Year High: A Safe Haven in Uncertain TimesThe Swiss franc reached a ten-year peak against the euro, driven by inflation concerns and potential tariff reductions. The francs strength, now at its highest since 2015, is fueled by investors seeking safety amidst global market volatility. Hedge funds predict further appreciation, while Swiss officials may grow concerned about the rapid currency rise. This surge underscores the francs role as a stable currency in a fluctuating global economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.