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CURRENCIES - The Swiss franc remains a reference safe haven currency

05/10/2020
Source : Option Finance
Categories: Economy/Forex

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Since the beginning of the year, the Swiss franc has gained 0.7% against the euro, at 0.927 euros, and more than 5% against the dollar, at 1.0851 dollars, supported by its safe-haven status. Faced with the uncertainty caused by the health crisis, foreign investors have invested more money in Switzerland, while Swiss people have preferred to keep their capital in the country and have even tended to repatriate their assets. In the first half of the year, however, the Swiss National Bank sold 90 billion Swiss francs, its highest amount since 2012, to stem the appreciation of its currency.

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