The Swiss franc has surged to its strongest level against the US dollar in more than a decade, as a stampede into what traders are calling currency markets’ last “reliable” haven poses an increasing problem for the Swiss National Bank.
The Alpine currency is already up more than 3 per cent this year to stronger than SFr0.77 against the dollar, after a 14 per cent gain last year, as political risks drive investors to look for alternatives to the US currency. That has taken the franc to its strongest against both the dollar and the euro since a shock appreciation in 2015.
The rally threatens to push down on prices in a country with an annual inflation rate of 0.1 per cent, and may have further to run, according to some analysts.
您已阅读16%（736字），剩余84%（3984字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。