The Swiss currency lost against most of the 16 main traded currencies as speculations suggests that the country is likely to tighten its financial regulations, decreasing attractiveness for the franc.
The franc used to be, together with the U.S. dollar and the yen, a currency considered as a top refuge, but today, after Swiss National Bank officials statements that regulations may be tightened in the country emerged, due to the financial sector’s dimensions in the country, the franc fell versus most of the main currencies.
USD/CHF traded at 1.0133 as of 20:21 GMT from 1.0102 yesterday.
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