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You are here: Home / Swiss Franc / Swiss Franc benefits once again due to jittery markets

Swiss Franc benefits once again due to jittery markets

February 26, 2016 by Joe Wright

Swiss Franc benefits once again due to jittery markets

This past week saw CHFEUR hit a 6 week high

This past week has seen the Swiss Franc once again solidify its position as a safe haven currency as we’ve seen its value boosted off the back of growth concerns for the global economy.

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Swiss Hublot Replica WatchesOn Wednesday we saw the Swiss Franc hit a 6 week high against the Euro as oil prices slid as Saudi Arabia implied that it won’t be cutting production in the short term future. Volatile commodity and equity markets coupled with uncertainty surrounding the future of Europe as Britain prepares for a potential EU exit has spooked investors, and for as long as uncertainty surrounds global economies I cannot see the CHF performing badly over the next 3-6 month period as long as risk adverse investors rush for safe havens at the same rate as they currently are.

Filed Under: Swiss Franc Tagged With: CHFEUR, global economic slowdown, Oil prices, safe haven currency

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About Joe Wright

Joseph Wright brings a wealth of experience on the currency markets. He has worked in a number leading financial services organisations over the last seven years - working within a range of products including foreign currency exchange, equities and derivatives.

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