8 August 2011
The Swiss franc once again surged to fresh all-time highs against the USD and EUR as investors rushed to safety amid the US downgrade and fears of contagion over the Eurozone. The USD/CHF in particular dropped to a record low of 0.7482. However the SNB is serious about not allowing any further CHF strength.
The Swiss franc once again surged to fresh all-time highs against the USD and EUR as investors rushed to safety amid the US downgrade and fears of contagion over the Eurozone. The USD/CHF in particular dropped to a record low of 0.7482. However the SNB is serious about not allowing any further CHF strength.
