The Swiss Franc's Decade-High Surge | Why Currency Markets Are Calling It the Last Reliable Haven
The Swiss franc has surged to its strongest level against the US dollar in over a decade, breaking below SFr0.77 as investors flee to what analysts are calling currency markets' "last reliable haven." The franc's appeal stems from Switzerland's political neutrality, low debt, and inflation near zero—qualities that stand out as traditional havens falter.With the SNB's 2015 shock—when abandoning the euro peg sent the franc up 30% in minutes—still fresh in memory, markets are watching whether Switzerland's central bank has any tools left to stem a currency that's become synonymous with global anxiety.
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