Swiss Franc at Record High Against Euro on Stronger Economy

The Swiss franc gained today versus the euro, reaching the record high level, on the signs that the nation’s economy expanding, while the European Union’s economy suffers from the sovereign-debt crisis.

The fundamentals and the EU woes push the franc up, despite the interventions of the Swiss National Bank. This may cause the SNB to refrain from another intervention and let the currency appreciate. At least the speculations say so, and this is another reason for the franc to rise.

EUR/CHF traded near 1.3930 as of 13:09 GMT today after opening at 1.4066.

If you have any questions, comments or opinions regarding the Swiss Franc,
feel free to post them using the commentary form below.