Franc Rises to Six-Week High Versus Euro on Italy Vote
This article is for subscribers only.
The Swiss franc rose to a six-week high against the euro as speculation Italy will require a second vote after inconclusive elections boosted demand for the relative safety of Switzerland’s currency.
The franc advanced for a fifth day versus the euro as Italy’s pre-election favorite Pier Luigi Bersani won the lower house by less than a half a percentage point while Silvio Berlusconi, the former premier fighting a tax-fraud conviction, won a blocking minority in the Senate.