Swiss Franc Surges to Dollar Record on Japan Nuclear Concern
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The Swiss franc surged to a record versus the dollar amid concern that a nuclear disaster is unfolding in Japan, prompting investors to seek havens.
Switzerland’s currency also jumped the most since September against the euro as stocks plunged in Asia and Europe and swaps to insure Japanese debt climbed to a record. Tokyo Electric Power Co.’s stricken Fukushima nuclear power plant was rocked by three explosions today as workers struggled to avert a meltdown in the wake of the March 11 earthquake.