Business · Markets · 6 hrs ago

Swiss franc rises against euro and US dollar

Swiss franc rises against euro and US dollar

The Swiss franc strengthened against the euro and US dollar on Thursday evening.

One euro traded at 0.9205 francs, while one US dollar fell to 0.8205 francs.

The franc is often seen as a safe haven during uncertainty, and unrest in France may have increased demand for it.

France is facing budget strains and violent protests against the government's spending cuts.

French bond yields rose to multi-year highs, and the gap between French and German government bond yields widened again on Thursday.

Investors are watching developments in France, while the figures show the euro also edged up slightly against the US dollar.

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