Franc Climbs to Highest Since June Versus Dollar
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The Swiss franc climbed to its strongest in five weeks against the dollar, with a fall in Asian equities spurring buying of some haven assets.
“Once again the Swiss franc is sought as a haven,” Martin Furrer at Luzerner Kantonalbank in Lucerne, Switzerland, said in a note to clients. “A weak Japanese equity market gave our country’s currency an additional upward push this morning.”