Swiss Franc Gains as Radiation Leaks Out of Japan’s Nuclear Plant

The Swiss franc advanced today as the heightened concern about the radiation leak from the damaged nuclear plant in Japan spurred demand for safer assets among investors.
The tap water in Tokyo has the amount of iodine unsafe for infants, while the tests showed the radiation contamination of sea water and some food. Prime Minister Naoto Kan ordered today to stop the milk and parsley shipments from the prefecture between Fukushima, where the damaged nuclear plant is situated, and Tokyo.
USD/CHF fell from 0.9034 to 0.9001 as of 10:21 GMT today after reaching the intraday low of 0.8979.

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