Navigation

Skiplink Navigation

Main Features

Euro tumbles against franc

The euro fell to its lowest ever level against the Swiss franc on Monday.

At one point it was trading at only SFr1.4308, although later it rose to SFr1.4500. Since July it has lost more than ten per cent against the Swiss currency. In October 2007 it was at a record high, at SFr1.6828.

Experts say that the euro has weakened as investors have sold in order to buy up dollars, which remain the preferred currency of refuge.

Meanwhile, the Swiss stock market closed 3.07 per cent down on the day. Financial institutions were worst hit, with Swiss Re and Credit Suisse both losing more than 10 per cent.


Links

Neuer Inhalt

Horizontal Line


subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.







Click here to see more newsletters

WEF 2018

WEF Teaser 2018

Podcast
×