Swiss Franc Regains Haven Role With Greek Crisis Stoking Bid for Safety
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The Swiss franc is back to being a haven from market turmoil.
Once again, the currency is climbing when Greek bonds -- the riskiest government debt in the developed world as measured by derivatives -- fall and weakening as the securities rise. Switzerland upended the relationship in January when it unexpectedly ditched its policy of keeping the franc weaker than 1.2 per euro, compromising its reputation for stability.