Swiss Franc Rises to Strongest Level Since June as Stocks Drop
- Gains on concern over U.S. election outcome: Morgan Stanley
- Franc had strongest close since 2015 Tuesday on haven demand
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The Swiss franc climbed on Wednesday as global stocks fell and demand for haven assets increased on growing concerns that the U.S. presidential race had tightened.
The franc reached its strongest level versus the euro since June and advanced against the dollar. Demand for havens is being stoked after an ABC poll showing Republican candidate Donald Trump narrowly ahead in the U.S. presidential race a week before the election.