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CHF up and down

10/26/2011

The Swiss Franc, CHF, is a so-called safe haven, to where investors flee in times of economic worry and in general times of crisis.


The other week we reported that it had reached a historically high level, when the cash rate was over SEK 8.50. Since then the Swiss central bank has taken measures to prevent the Franc from strengthening further, as the high levels have hit the country’s export industry hard, not least the tourist industry. One of the central bank’s measures was to lock the rate at CHF 1.20 to the Euro. Today the cash rate is well under 8 Crowns.


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