Business · Markets · 2 days ago

Swiss franc gains slightly against euro and US dollar

Swiss franc gains slightly against euro and US dollar

The Swiss franc gained slightly against the euro and the US dollar on Friday evening.

The euro fell to 0.9295 francs, below the 0.93 threshold, from 0.9313 earlier in the afternoon.

The dollar slipped to 0.8298 francs from 0.8316.

The euro barely moved against the dollar and traded at 1.1202 dollars.

Recent tension in France’s bond market had put pressure on the euro.

Concerns about debt sustainability and political stability also affected other euro-area countries.

The situation has eased somewhat, but the underlying problems may not be over.

Sources

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