Swiss Franc Hits 9-Month High Versus Euro

The Swiss franc, considered a refuge currency, benefited today from a rather risk averse scenario and gained versus several currencies, declining below less than 1.50 line versus the euro for the first time since March.
Even if the Swiss currency is at rather considerably high levels, different from the last time it traded below 1.50 against the euro the Swiss National Bank did not intervened, as the outlook for the European single currency remained rather frustrating for another week.
EUR/CHF traded at 1.4930 as of 19:41 GMT from a previous rate of 1.5015 yesterday.

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