The Swiss franc strengthened today, rising for the fifth straight day against the US currency, after Japan was hit by another earthquake and on the speculation that the damage nuclear plant will release more radiation that Chernobyl power plant.
The nuclear power plant in Fukushima prefecture was damaged by earthquake on March 11, causing the radiation leak. Another earthquake of 6.3-magnitude hasn’t improved the situation. Japanâs Nuclear and Industrial Safety Agency raised the level of the Fukushima disaster to 7, the highest in the standard global scale.
USD/CHF fell from 0.9064 to 0.8941 and traded at 0.8982 as of 15:45 GMT today. EUR/CHF dropped from 1.3084 to 1.2987.
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