(Bloomberg) -- The Swiss franc fell against the euro
and the dollar as investors increased so-called carry trades
funded in the currency as European equities stabilize.
The franc is trading near a record low against the euro as
investors use the Swiss currency to buy higher-yielding assets
elsewhere. The franc fell against all of the 16 most actively
traded currencies today. At 2.5 percent, Switzerland's key rate
is still among the lowest in the world after Japan's 0.5 percent
benchmark.
Read more at Bloomberg Currencies News
and the dollar as investors increased so-called carry trades
funded in the currency as European equities stabilize.
The franc is trading near a record low against the euro as
investors use the Swiss currency to buy higher-yielding assets
elsewhere. The franc fell against all of the 16 most actively
traded currencies today. At 2.5 percent, Switzerland's key rate
is still among the lowest in the world after Japan's 0.5 percent
benchmark.
Read more at Bloomberg Currencies News
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